Namaskar Interest certificate issued by bank shows interest paid and tax deducted against say 1 senior citizen savings scheme 2 normal savings SB account 3 Fìxed Deposit (term deposit) for say 5years with a maturity value at the end of 5 yrs. Against sl no. 1 and 2 money is credited in account and naturally tax is to be paid. For sl.no. 3 where no money has been credited although said amount paid and tax deducted am I to a) consider said amount paid and TDS in the ITR? b) Is the same maturity amount as mentioned in the certificate will be paid or again tax will be deducted on maturity ? c) If same amount is paid whether that amount will be taxable in that related FY? Regards

Hi Sir, I'm Prabha. Recently my father received mesage from IT dept stating that you have high value transaction made during thr year. When we checked the AIS, it is showing interest amount for 73 lines which we donot have that account number. But in FY 23-24 we received maturity amount proceeds from KVP and NSC. KVP tenure was 10 years and NSC is 5 years. I assume the interest showing is cumulative for the past years. We have not filed return till previous year since my Father's income is under threshold including interest. Should we pay tax now for the entire amount which comes big value for us. We invested senior citizen scheme and This interest is the only source of income for us. Now they are asking for half of the interest we earn per year. Please advise sir