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ITR Filing 2026: Report FD Interest Under New Rules

Banking
By ThePip Desk•
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ITR Filing 2026: Report FD Interest Under New Rules

Key Highlights

ITR Filing AY 2026-27: New rules require reporting FD interest from NBFCs, HFCs, and corporations under Schedule OS before July 31, 2026.

New income tax return (ITR) forms for the assessment year (AY) 2026-27 will require investors to provide detailed disclosures regarding interest earned from fixed deposits held with non-banking financial companies (NBFCs), housing finance companies (HFCs), and corporations under Schedule OS.

These changes mandate that investors accurately report such interest income before the deadline of 31 July 2026.

The updated requirements aim to enhance transparency in the reporting of income from fixed deposits, ensuring comprehensive tax compliance for investors.

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