Tds on F.D
This query is : Resolved
Sankar Chakraborty
(Querist)
25 May 2009
Dear Sir/madam,
In my bank a/c i have fixed deposit for which bank has deducted tds on interest. but in my personal I. tax file tax will be nil.
please help
In my bank a/c i have fixed deposit for which bank has deducted tds on interest. but in my personal I. tax file tax will be nil.
please help
CA Tilak Raj Sharma
(Expert)
25 May 2009
If your income is below the taxable limit of Rs. 1.50L then you can claim back the TDS deducted by the bank by filing your income tax return.
CA.BHARAT BHUSHAN
(Expert)
25 May 2009
If the bank has deducted TDS, you ask them to provide you form 16A and while fling your return claim the TDS as refund.
Next time, you are advised to submit form 15G with your bank that not to deduct TDS
Next time, you are advised to submit form 15G with your bank that not to deduct TDS
Sankar Chakraborty
(Querist)
26 May 2009
thanks for help
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