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Tds refund possible?
I have invested in FD in bank on 1-4-2011 for 1.5 years of Rs 3 lakhs.
Intres in FD is rs 40,500.
Bank have deducted TDS but FD is not yet matured.
*my q. is tds deducted can be refunded or not?
(bank refused to me that it is not possible now and said that if you have filed form 15G before 31-3-12 then TDS would not be deduct.)
Replies (1)
Yes, If u want to claim the refund you have to submit the Form 15G with in the time limit i.e.,31st march Though interest deducted by the bank that can be refund after filing the Form 15G.
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