Sir,
A Senior Citizen hosewife had only source of income as FD interest approx. 2 lac. for which she had paid TDS to two bank where she had her FD. now she want refund of TDS paid by filing ITR-1. I want to know all aspects related to it like
maximum limit of exemption.
income is shown under which head.
under which section relief is to be shown.
etc.
Thanking you sir
Ujjwal Singh
File Itr-1 and claim refund. Basic exemption limit for tax of senior citizen ( above 60 years but less then 80 years) is Rs. 300000. and for super senior citizen (Above 80 years) is Rs. 500000. Hence you can file itr-1 and claim whole amount deducted as tds as refund. Income is to be taken as income from other sources.. and from next time file 15H form in bank so that tds will not be deducted.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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