Special tax rate for aop

This query is : Resolved

pankaj (Querist)
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27 July 2013 hello sir, We have Employees Welfare Fund which is registered as AOP thru which give monetary benefit like medical and education fees to the employees from the income earned by dividend and interest on F.D. while filing ITR5 the tax is calculated at 30%.

I would like to know how can we claim refund on the tax amount deducted on interest received on f.d. which is not taxable. since i feel it falls under the special tax category not the regular tax category.

kindly help

regards

pankaj

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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27 July 2013 In case TDS on interest has been deducted , you can adjust against your tax liability to reduce the Self Asst tax-payment.
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How interest is special category /rate item
please convey.
.

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