SAVING BANK INTERST TDS CLAIM

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ca
218 Points Posted on 10 June 2020
Sir, my aunty has a fixed deposit in bank from last 6 years where bank has deducted TDS (₹4000) every year her total income is below 2, 00, 000. now she want to claim that the TDS amount weather it will be possible to claim? if yes than please advise for the same. thank you
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On 10 June 2020 at 19:37 Report
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Quick Summary
This discussion addresses whether an individual can claim a refund for TDS deducted on bank interest, even if their total annual income is below the taxable threshold. The consensus is that a refund is possible, but it requires filing an Income Tax Return (ITR). If ITRs haven't been filed for previous years, a condonation of delay under section 119(2)(b) might be necessary.

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4215 Points Posted on 10 June 2020
Yes you may claim the refund and computate your annual income if doubt please contact me
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On 10 June 2020 at 20:12
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Student
1321 Points Posted on 10 June 2020
If the income offered for tax in this year you may claim.
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On 10 June 2020 at 20:13
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12244 Points Posted on 11 June 2020
From your query it's understood that your aunty didn't file ITR for last 6 years. now the only solution to file condonation of delay under 119(2)(b).. no other options
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On 11 June 2020 at 01:13

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