Hi
I am NRI. I have sent overseas earned money to my wife. she has made some fixed deposit (assume INR 5L) on her normal savings account in india. This FD is for past one year. Interest is credited quarterly after deduction of tax. She has deposited the matured principle amount (INR 5L) again for another one year now. My question is as folllows
1) Bank is deducting the tax for the interest earned. How to claim the earlier deducted TDS amount. (She don't have any salaried or other income in India or submitted any IT return so far)
2) If she have to submit Form 15-G to the Bank now for avioding the TDS, what will be the Estimated total income of the PY (to be filled in the column 17 of Form 15G). The estimated amount of income through interest is INR 25,000 (i.e. column 16 of Form 15G)
Please guide.
CAclubindia
