Tds claim
This query is : Resolved
sumit kangsa banik
(Querist)
24 September 2014
if a person pays tax for the f year 13-14 and to claim tds deducted by bank on interest income than can he claim the same in the next year...
Nikhil Kaushik
(Expert)
24 September 2014
yes only if the interest so earned from bank deposits is not offered to tax in FY 2013-14. If on the basis of normal accounting such interest is to be offered to tax in FY 2013-14, then TDS should also be claimed in FY 2013-14 only.
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