11 May 2026
One of my relative Senior Citizen Age 72 yrs(F) having Family Pension up to Rs. 3,00,000/- p.a. and Interest on Fixed Deposit up to Rs. 30,000/- p.a.. She has submitted form 15H/G every year to the Bank having Fixed Deposit. In FY 2023-24 Bank Deducted TDS on Interest on Deposit up to Rs. 8000/-. Can she filled ITR return to claim Refund of TDS deducted . Is there any Penalty/ Late Fee Charges for filling Return of more than One years. Please advise.
11 May 2026
Action Required: File a Condonation of Delay application under Section 119(2)(b) on the e-filing portal citing "genuine hardship." Next Step: After approval, file the ITR for AY 2024-25 to claim the ₹8,000 refund. Penalty: No penalty if the total income is within the basic exemption limit; otherwise, a maximum late fee of ₹1,000 may apply. Note: ITR-U is not applicable here as it does not allow refund claims.