Tds inspite of 15h

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2018 My mother deposited Form 15H with SBI for the AY 2018-19. We were under assumption that since form has been submitted, so TDS would not be deducted. But now when we went to bank for its renewal we came to know that the bank had deducted TDS for AY 2018-19.

We had not filed her Income Tax Return for AY 2018-19. Now what to do? Would there be any penalty if we claim TDS Refund. Her income is below the exemption limit.

Kindly suggest.

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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06 December 2018 Since the Income is below the basic exemption limit, there will not be any Penalty. You can proceed to File Returns and claim refund. !!