claim tds deducted on fixed deposit

260 views 2 replies
If a person is exempted from filing income tax return but he has fixed deposit in his own name on which bank deduct tds. So what income should he show while filing ITR in order to claim TDS?
Replies (2)

Interest income to be taken as Income from other sources. 

If your income is below taxable limit, its better you give 15G/H to your bank so that they don't deduct TDS.

If your bank has already deducted TDS then you need to file Income tax return and show Interest income as Income from Other Sources. If you don't have any other income and you total income is within Exemption limit then your total tax payable would be nil and entire TDS deducted would be refunded.

But, better to furnish form 15G/15H so that you don't need to do all this and bank don't deduct any TDS.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details