I got Notice u/s 143(1) regarding the tax demanded Rs. 200 /- . (Actually tax tax liability id Rs. 196 /- but rounded off to Rs. 200 /- ) I have not shown bank Interest of Rs. 1891 /- and TDS Rs. 194 /- while filing ITR-1. In this notice , the above income is mentioned under other source of Income but TDS for the same is not mentioned . I would like to know the procedure for response to that notice.
08 June 2018
TDS is deducted on FD interest. You can file rectification u/s 154 from your e-filing account and claim the tds for the same but just check the same matches with your 26as then file. Your demand will be dropped automatically once rectification filed is processed and matches with your 26as
08 June 2018
TDS is not deducted on savings interest. You can claim your tds of Rs 194 by filing rectification u/s 154 but check your 26as before that and Interest on savings bank is exempt upto 10,000/- u/s 80TTA.
08 June 2018
yes, but y bank deducted .....i did't got....they deducted for small amount of Interest . eg deducted for amount paid for for Rs. 11 , 20 , 25 ,58 ,298 ,45, 56
CAclubindia
