Answer

1. F

   Facts

   Under the TDS credit rules, where income belongs to another person, the deductee can give a declaration to the deductor, and the deductor then reports TDS in that person's name.

2. P

   Provisions and law

   • Rule 37BA, Income-tax Rules 1962 (now Rule 203, Income-tax Rules 2026)TDS credit is given on the basis of the deductor's statement; it can be claimed by another person whose income it is, on declaration, and in the year the income is taxed.
   • Sec 199, Income-tax Act 1961Credit for tax deducted is given to the person whose PAN is reported, for the year in which the income is assessable (2025 Act number to be confirmed).
3. A

   Analysis

   If the FD was funded by you and the income is taxable in your hands, ask the bank to report TDS under your PAN based on a declaration. Without that, your wife's 26AS carries the credit while you report the income, causing mismatches for both. Fix it at the bank for future quarters and report consistently.

4. C

   Conclusion

   1. 1Confirm whose money funded the FD.
   2. 2Ask the bank for the declaration process.
   3. 3Submit the declaration for future TDS.
   4. 4Report income and credit consistently.
   5. 5Use AIS feedback to mark the income as relating to another PAN where needed.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.