It returns for assessment year 2014-2015

Dear Gegi,

While debiting the Interest amount in mother's bank account, bank deducts TDS on interest. This TDS gets save in the income tax server in the form of FORM 26AS. This is the reason behind notice she has got.

Now your mother has only option to exercise. She will have to file ITR-1. All she needs to do that provide the detials of interest income and TDS deducted on them. Since her income is only from FD Interest therefore she can after claiming basic exemption limit of 2.5Lakhs/3Lakhs/5Lakhs get rid of tax liability. Moreover she can also claim refund of TDS deducted.

Regards

Shreesh Kumar

Dear Shreesh,

Thank you very much for your quick response.

Shall do the needful as advised.

Once again thank you very much.

Gegi

You're welcome