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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- Capital gain on sale and purchase of plot
- TDS ON EMAIL DOMAIN SERVICE BILL
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
