Tds refund

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ch durgaprasad (Querist)

25 June 2014 sir, if an employee has the taxable salary and TDS on that amount is also deducted by the employer during the financial year relating to the present assessment year he deposited some amount in bank on that amount the bank has deducted the TDS. the amount of deposit was not shown in his form 16 can he avail the deduction of that TDs amount which was deducted by bank and which return he has to file for the assessment year. whether he has to show that I forest amount in his ROI or simply claim the TDS on it please make a clear answer. thanking you.

Nikhil Kaushik

Nikhil Kaushik (Expert)

26 June 2014 interest earned on bank deposit is not required to be shown in Form 16. the employee, unless he reports the same to the employer, has to pay his tax liability on such income on his own...and any deduction like 80TTA can be claimed in the return itself.

ch durgaprasad

ch durgaprasad (Expert)

26 June 2014 Which return he has to file Mr. Nikhil

ch durgaprasad

ch durgaprasad (Expert)

26 June 2014 Which itr form he has to file

ch durgaprasad

ch durgaprasad (Expert)

26 June 2014 Which itr form he has to file whether sacral or it 2

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