Tds on fd
This query is : Open
Deep Bhamla
(Querist)
22 September 2017
Hello Everyone,
In 2012 my mother made a FD for 5 yeara in Bank on my name under her Guardianship. The Principal amount was Rs 130000 and the Maturity amount should be 200000. Nor mine neither my mother's PAN card was linked to that account. After the date of maturity the amount came in my account was Rs 16000 less i.e Rs 184000. Bank told me that TDS is deducted as the annual interest was above 10000. I've got interest certificate for all the 5 years from the bank in which deducted TDS is clearly mentioned.
My household income is below taxable income and now i want to file ITR for TDS Refund. Can I do that ? As PAN was not linked then i can't find any deduction in Form 26AS.
Do i need to contact a CA or I personally can do.
Please assist..
Thanks for your valuable time...
In 2012 my mother made a FD for 5 yeara in Bank on my name under her Guardianship. The Principal amount was Rs 130000 and the Maturity amount should be 200000. Nor mine neither my mother's PAN card was linked to that account. After the date of maturity the amount came in my account was Rs 16000 less i.e Rs 184000. Bank told me that TDS is deducted as the annual interest was above 10000. I've got interest certificate for all the 5 years from the bank in which deducted TDS is clearly mentioned.
My household income is below taxable income and now i want to file ITR for TDS Refund. Can I do that ? As PAN was not linked then i can't find any deduction in Form 26AS.
Do i need to contact a CA or I personally can do.
Please assist..
Thanks for your valuable time...
K Srinivas, CMA CS
(Expert)
22 September 2017
My household income is below taxable income and now i want to file ITR for TDS Refund. Can I do that ?
Yes, you can. But note that you can not file returns for the years before FY 2015-2016. You can file returns for FY 2015-2016(belated) and FY 2016-2017(after due date)
Yes, you can. But note that you can not file returns for the years before FY 2015-2016. You can file returns for FY 2015-2016(belated) and FY 2016-2017(after due date)
K Srinivas, CMA CS
(Expert)
22 September 2017
As PAN was not linked then i can't find any deduction in Form 26AS. Do i need to contact a CA or I personally can do
26AS will not reflect unless the Bank files a revised TDS return which the Bank will not do. You can show the details yourself while filing the return after declaring your interest income from the bank deposit
26AS will not reflect unless the Bank files a revised TDS return which the Bank will not do. You can show the details yourself while filing the return after declaring your interest income from the bank deposit
K Srinivas, CMA CS
(Expert)
22 September 2017
To engage a CA or not, depends on you. :)
Deep Bhamla
(Querist)
23 September 2017
thanks for replying..
which form i should fill... and what's the detailed process..
thanks again
which form i should fill... and what's the detailed process..
thanks again
K Srinivas, CMA CS
(Expert)
23 September 2017
itr 1 will do in your case
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