Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Which itr to file to claim tds on interest

ITR 224 views 2 replies

Hemant

Service

50 Points Joined December 2009

My wife is housewife. Bank has debited the TDS amount and deposited to IT dept. We can see the tax credit online. We want to claim the said amount through IT return. I am looking for help on steps to which ITR to file ITR 1 or 2) and how (as there is no other income she has)?

Thanks!

Replies (2)

Peeyush Chaturvedi

53 Points Joined May 2017

The assessee can file the return of income by showing other source income on which TDS has been deducted in nature of interest by the bank. As the assessee does not have any other income it is very possible that there is income below taxable limit only so in order to claim refund the income under the head other source can be shown and refund amount can be claimed easily by filing form ITR 1.
For future purpose it is advisable to fill form 15G/H with the bank.