17 March 2017
Two year age we have(Me & My Mother)open new FD account.Here my mother is First Holder & me second holder.After two year later when fd maturity then we haver received fd sum after deduction of tds. Hence ,will i submit income tax return in favour of my mother? My mother is a house wife.
17 March 2017
You can file tax return for whom TDS Is deducted. Normally TDS would have been deducted for your mother, file return in mother name, If her income is less than threshold limit so entire tds can be claimed refund.
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