It tax -2015 return filing

Hello,

I need few suggestions in case of a person filing Income Tax - Return for very first time, please guide me on following two scenarios when the only source of income is interest generated on Bank FD

1 – How to file ITr, what is last date to file, does it need help of CA

2- When Form 15 g filed, income (interest on FD) does not exceed tax slab and No TDS deduction – In such case does one need to file IT return (I heard that for PAN holders it is mandatory to file IT R, not sure about it) ?

3 – When income (interest on FD) exceeds Tax Slab and TDS is deducted – The income is accumulated interest till Mar’15 – In such case does one need to file Interest Certificate (for accumulated interest) along with  IT-R?

4- For interest accumulated on FD till Mar’15 Interest certificate needs to be filed in both above cases? How to file it?

Would be really thankful for your support.

Replies (4)
1. You can file return by yourself but in case u know nothing about income tax then better consult the CA. 2. Filing of return is not mandatory, if ur gross total income exceeds the basic exemption limit then u r required to file return.
If u file 15G then no tds will be deducted so not required to file return in case tds deducted then u have to file return.
In case interest exceed the tax slab then u have to mention figure of fd interest income in itr form.
Interest certificate not required file anywher its record purpose only.

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