Tds querry for senior citizen
This query is : Open
24 August 2013
My grand father is retired since last 4 years and receives pension from govt. sector. In his financial year 2011-2012 TDS has been deducted for all quarters. He doesn't file the return of income.The Bank has been deducted TDS from his saving account Approx 12000/- for all quarters.
I want to know as being a retired senior citizen is TDS is aplicable? If not how can he get his refund back. Kindly suggest.
I want to know as being a retired senior citizen is TDS is aplicable? If not how can he get his refund back. Kindly suggest.
25 August 2013
a) To get REFUND your grandfather need to e-file the ITR.
b) Bank is not supposed to deduct on interest earned on saving account.
c) Bank deducts TDS on interest earned on Fixed Deposit.
d) TDS is applicable on all. Please instruct Bank not to deduct TDS by furnishing Form 15G/H.
contact@vkbajaj.co.in
b) Bank is not supposed to deduct on interest earned on saving account.
c) Bank deducts TDS on interest earned on Fixed Deposit.
d) TDS is applicable on all. Please instruct Bank not to deduct TDS by furnishing Form 15G/H.
contact@vkbajaj.co.in
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