Query regarding income tax filing
This query is : Resolved
Quick Summary
10 June 2025
Dear All,
My annual income for the previous FY was 7.10 lacs through Fixed deposit interest.
There is no other source of income. Bank has deducted TDS of 70,000( approx)
Am I still liable to pay any tax ?
My annual income for the previous FY was 7.10 lacs through Fixed deposit interest.
There is no other source of income. Bank has deducted TDS of 70,000( approx)
Am I still liable to pay any tax ?
10 June 2025
No, but you are liable to file ITR 1; and claim the refund of the TDS deducted.
10 June 2025
Thank you for the clarification. Can the filing be done now ?
10 June 2025
Yes, online & offline options to file ITR1 are available. Verify your form 16A & TIS report before filing ITR.
28 September 2025
Good luck.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- Correction in TDS return New Traces Portal
- TDS refund Indemnity Bond
- PF wage ceiling
- F&O reporting in ITR
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
