My friend has some fixed deposits, he earns some interest on them. As he does not have any other income source, we wanted to file 15G so that the bank will not cut the TDS.
We thought we can submit 15G before the maturity date of the deposits which was in july but the bank had already cut the TDS and submitted them to IT department in march itself not only for the matured deposits but also for the yet to be matured deposits. We have checked the 26AS.
Now how can he claim for the TDS refund as he did not have any other income source except for the interest he gets on these deposits.
Many thanks in advance.
CAclubindia
