Ouary for tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2012 DER FRNDS,
I HAVE A FDR IN BANK AND SUBMITTED 15H. BUT IN CURRENT FY BANK HAS DEDUCTED TDS FOR PREVIOUS INTEREST ie FOR PREVIOUS F.Y. INTEREST WHEN I HAVE ALREADY SUBMITTED 15H AND FILL RETURN FOR PREVIOUS YEAR.
SO PLEASE ADVICE ME WHAT SHOULD I DO. OR I SHOULD CLAIM TDS AS REFUND FOR AY-2013-14 (ie next year)

IS THERE ANY PROVISION IN IT ACT UNDER THIS TDS CAN BE DEDUCT FOR PREVIOUS YEARS WHEN FORM 15H HAD BEEN SUBMITTED.

NO IN MY KNOWLEDGE

PLS TELL ME

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
Follow

21 October 2012 if your income is below taxable limit, you can claim refund.

All the Best.....

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

21 October 2012 How can the Bank deduct tds in the current year for the previous year, I think you are confused please recheck

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2012 THANKS VINITA JI
BUT I HAVE ALREADY SUBMITTED 15H FOR CURRENT FY ie 2012-13.I ALSO CANT UNDERSTAND HOW BANK CAN DO IT.
I HAVE SEEN AS26 FOR AY.2013-14 AND IT SHOW THE DEDUCTION OF TDS.
ACCORDING TO THE PROVISION OF IT BANK CANT DEDUCT TDS FOR CURRENT YEAR ALSO WHEN 15H HAS BEEN SUBMITTED.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

22 October 2012 Bank has not processed ur Form 15 H, this is the only conclusion which can be drawn.
Claim Refund in your Tax Return for ay 2013-2014