| Name of Complainant | |
| Date of Complaint | December 6, 2021 |
| Name(s) of companies complained against | Paytm payment bank |
| Category of complaint | Banking |
| Permanent link of complaint | Right click to copy link |
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My concern is I need interest certificate from 1st april 2020 to 31st march 2021 only. Currently you are providing interest certificate which shows incorrect interest as Interest paid and interest to be paid also. I need to declare the same amount while filing ITR to avoid any income tax notice. As per income tax Tax Payer Summary (TIS) fixed deposit interest includes “interest to be paid also” which is wrong. Please share actual fixed deposit interest paid into my PayTM account from 1st april 2020 to 31st march 2021.
Ideally PayTM certificate of interest should have interest amount which is credited into my PayTM bank account from 1st april 2020 to 31st march 2021 after my PayTM fixed deposits are broken partially / completely or fixed deposits matured and interest in credited into my PayTM account which is not the case as per certificate of interest i found through PayTM app.
Please look into that matter on urgent basis since i need to file my ITR in this week or maximum by next week to avoid last minute issues with income tax portal. You shouldn’t show any interest for FY 2020-21 for fixed deposits which are to be matured in FY 2021-22.
E.g. if any 1 year fixed deposit booked in aug 2020 shouldn’t be considered for interest income for FY 2020-21 instead it should be reflected in 2021-22.
Also interest paid and interest to be paid should be calculated as per actual interest credited into PayTM bank account after fixed deposits are fixed deposit a broken or maturity.
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