Query regarding income tax filing
This query is : Resolved
Quick Summary
Kangan Bhardwaj
(Querist)
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 ?
Dhirajlal Rambhia
(Expert)
10 June 2025
No, but you are liable to file ITR 1; and claim the refund of the TDS deducted.
Kangan Bhardwaj
(Querist)
10 June 2025
Thank you for the clarification. Can the filing be done now ?
Dhirajlal Rambhia
(Expert)
10 June 2025
Yes, online & offline options to file ITR1 are available. Verify your form 16A & TIS report before filing ITR.
Dhirajlal Rambhia
(Expert)
28 September 2025
Good luck.....
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