TDS certificate on bank FD is wife's name. Can I show it in my ITR and claim it?1 min read 16 Oct 2022, 06:58 PM IST
As per the provisions of rule 37BA(2)(i) of the Income Tax Rules, 1962, your wife can submit a declaration to the bank stating that the interest income is taxable in your hand and not in her hand with your PAN details and the bank then will furnish your details to the income tax department so that you can claim and get the credit for the tax so deducted
Me and my wife both are Senior Citizen. Some of the amount belonging to me was invested in bank FD in her name. The interest earned on the FD is included in my total income but TDS certificate is issued in the name of my wife by the bank. My wife does not have any other income. Can I show my wife's TDS certificate details in my ITR and claim TDS amount?
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