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form 15G
if a person is not aware of his income from bank FD interest ,filled form 15 G in 2016-2017.It is now found that his income from bank FD interest cross the exempted limit.if he/she want to file ITR now what should He/ SHE do. As form 15G was filed and there is no TDS ,so how to show taxable income.
Replies (13)
Compute the income for the year. Pay Self Assessment Tax.
Thereafter file the return.
what about the form 15G that was filed during that period
is it attract any penalty or action from IT department side
Submitting Form 15G falsely attracts penalty. Therefore avoid submitting Form 15G from next year onwards.
is interest on saving bank account is also to be include in it and what about the charges that bank deducdes for eg SMS charges and ATM charges.As the assessee is going to file return for the first time so there is many confusions.
is any expenses is allowed to be deducted from this income .if yes then what are those expenses.
thank you for this valuable information
and the form 15G that was filed before?
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