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Refund of tax deducted on fixed deposits

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VIKAS YADAV

Student

24 Points Posted on 20 December 2013

Hi Everyone,

Need Help being a New-bee....

I have more than one Fixed Deposits in a bank and due to unawareness, A sum of 2500 has been deducted as tax on FD's as the sum is more than 1 lakh.
I would like to add that I did not have a pan number, but after the deduction, I have got it and registered with bank also.
Also I do not belong to tax paying slab. i.e. income < 2 lakhs per annum.
I got TDS certificate from bank as specified by them. Please tell me a way to get my money back deducted as tax. Do I need some technical process for this OR I can get it Online myself.

Also After the registration of Pan, Will they still deduct tax on my FD's ?? Please help....

Thanks

Replies (1)

DHARMENDRA PRAJAPAT

CA FINAL

67 Points Posted on 20 December 2013

you have to filing a income tax return to get refund of tax back, which is deducted on fd,s by bank. for filling a income tax return you can take help of a income tax consultant.

on the other hand if the bank is yet not deducted the tax on remaining fd's you can fill a form no. 15G for non deduction of tax. on submitting the Form no. 15G to bank, the bank can not deduct the tax. for more info plz reply.......