My annual income from interest on fixed deposit (with bank) for Assessment year 2017-18 is 25,000 approximately. TDS made by the bank Rs2,500.00
I do share trading. I made a gain of Rs.1,000 in short term capital gain and a loss of Rs.20,000 in futures trading during the assessment year. (total transaction is less than Rs 5lakh)
No other source of income.
Since my Gross Income is far less than Rs 2.5 lakh, I want to apply for refund of TDS made.
Is it necessary to file Income tax return?
If yes what ITR form should I use. Is it possible for the bank to reverse the TDS made?
Please reply
CAclubindia
