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Hi Team - I am also in the same situation so what is the guidance when you have multiple FDs maturing and initiated in the same year.
@shubham-123 - Did you ever get a response on your scenario. Just asking as i am also in the same scenario.
Also how should we declare if the FD is for 3 years lets say from 2021 (Started) and 2024 (Matured)... How should we declare the Interest Earned and Taxed Paid -
Option 1 - Divide the Interest Paid at maturity in 2024 by 3 and provide that was every year. Also How to calculate Tax
vs.
Option 2 - Just declare the FD Interest and Taxed paid only in 2024 when it matured.
Please Guide @TurboTax Team
‎February 26, 2025
8:40 AM