Question about TDS deducted on FD interest accrued but not paid

Taxation
1

FD interest has not been received during FY23-24, however, bank has shown interest paid in Form 26as and AIS and has deducted TDS on the accrued interest.

Does this income have to be included in the total for FY23-24 tax filing or does it have to be included in FY24-25 next year when it will actually be received?

If it is reported next year, will it cause issues like notice from ITD since bank has reported it in the 26AS and AIS,TIS for FY23-24? @Quicko

2

Include in FY23-24 tax filing.
The current accrued interest will not be included in next FY.

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3

You have to report the interest in the FY in which the interest is earned and the TDS has been deducted for.

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4

Hey @ron94,

As the TDS was deducted on accrued interest in FY23-24, you’ll have to report it while filing the ITR for FY23-24.

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5

Thank you