FD INTEREST
This query is : Open
13 January 2017
one of my client is a senior citizen. he received 220000/- as an interest. can he need to file it return compulsory ?
13 January 2017
According to Income tax rule it is not mandatory because income is less than Rs. 2,50,000/- but your TDS on Interest is showing in 26AS & you want to claim refund then its compulsory file ITR.
13 January 2017
sir but he issued form 15 h to bank. then he need that. that shown in 26 as under head 15g/15 h
14 January 2017
Then it's no need it's optional.
14 January 2017
Senior citizens Upto 3 lakhs tax is NIL,But it is my advise to file returns Declaring interest income .
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15 January 2017
agree with the expert.
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