Answer

1. F

   Facts

   Form 15H only stops the bank from deducting TDS; the interest is still income to report. Banks report interest in AIS even when no TDS is cut. Seniors under the old regime can claim up to ₹50,000 under Sec 80TTB.

2. P

   Provisions and law

   • Sec 143(1)(a) (now Sec 270(2))CPC can adjust the return for listed reasons, but must first tell you and consider a reply given within 30 days
   • Sec 194A (now Sec 393)TDS on interest other than on securities, such as fixed deposit interest
   • Sec 10 (now Sec 11)Lists incomes that are exempt and not included in total income
3. A

   Analysis

   If total interest from all banks was, say, ₹4,20,000 and the return showed ₹3,00,000, CPC will propose adding ₹1,20,000. Check each bank's certificate, because one bank may have reported accrued interest on a cumulative FD that you planned to show at maturity. Interest must be shown year by year on accrual unless you have consistently followed another method. If the gap is genuine, Agree and claim Sec 80TTB if you are in the old regime and did not claim it.

4. C

   Conclusion

   1. 1Collect interest certificates from every bank.
   2. 2Add them up and compare with the return and AIS.
   3. 3Agree for genuine gaps; Disagree with details for wrong AIS lines.
   4. 4Next year, report interest bank by bank before filing.

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