Hello,
I understand that the interest from Senior Citizen Savings Scheme (SCSS) is fully taxable but the interest income of my parents is well below the IT slab for senior citizens.
1) Can they avoid TDS by sumitting Form 15H/15G?
2) If above is not possible, can they claim back the TDS from IT dept as refund by filing IT returns?
Regards,
Praveen
Its better that Form 15H be submitted to the relevant authority as after that, tax will not be deducted. Othe wise return need to be filed to claim Refund.
in my view, form 15H be submitted.
| Originally posted by : Ashish M | ||
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Its better that Form 15H be submitted to the relevant authority as after that, tax will not be deducted. Othe wise return need to be filed to claim Refund. in my view, form 15H be submitted. |
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AGRRED and in case of claimig refund it will take alot of time as our department is not that efficient in refunding taxes.
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Gupta Sachdeva & Co. Chartered Accountants
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