Mayank Jha (1 Points)
30 July 2019Hi,
I am filing the returns for AY 2019-20. I have salary income around 7 lakh from my employers. Bank FD of around 60000 for which 6000 TDS is deducted under 194A.
Apart from this I also have two winning under 194B in Form 26AS of around 4700000 for which TDS is already deducted.
Can i claim the refund of the above deducted TDS under 194B in Schedule 2 of TDS or I can only claim on FD under 194A.
Kapadia Pravin
(17259 Points)
Replied 30 July 2019
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 30 July 2019
In case of Winning Income Tax Rate Apply 30%+4% not allowed slab rate benefit
You can claim Slab Rate benefit in case of Interest on FDR
Your Income Fall under The Slab 5 Lakh to 10 Lakh if you have no dedoction under Chapter 6 of Income Tax Act
You can Not claimed TDS Refund because TDS deducted @ 10 % on Interest on FDR and your Income Fall under @ 20 %
RAJA P M
("Do the Right Thing...!!!")
(128075 Points)
Replied 30 July 2019
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