Find
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.
ITR
Joint FD TDS shown in first holder's PAN
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Provisions
Rule 37BA, Income-tax Rules 1962 (now Rule 203, Income-tax Rules 2026); Sec 199, Income-tax Act 1961
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.
Close
- Confirm whose money funded the FD.
- Ask the bank for the declaration process.
- Submit the declaration for future TDS.
- Report income and credit consistently.
- Use AIS feedback to mark the income as relating to another PAN where needed.
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