Tds u/s 195

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one bank deducted TDs under 195 sec .when I file income tax return of him which head of income under considers this ?
Replies (6)
is deductee NR?? Please mention the nature of income.
I don't know I think NRI account interest.

Dear Vishak

If the assessee in not a Non Resident, then you may have to ask the bank to make the corrections. I think it is bank's duty to make the corrections when you bring it to their notice (easily said than done). You must contact the bank for details. You can see the details of Challan Correction Mechanism on https://www.incometaxindia.gov.in/home.asp.  

The pdf file available on the said web page is attached herewith.

Regards

Ajay

Ajay sir in this case TDs is applicable because allso non resident have tax liability to pay tax on income generated in India. This income is his bank interest from SBT means income generated in India also taxable.

Dear Vishak

You mean to say that the assessee is a Non-Resident and he has earned an interest on bank account?

If this is the case, show the interest earned under "Income from Other Sources" in the ITR and claim the corresponding TDS also in the TDS Sheet.

Is there any further complications/information?

Regards

Ajay

Yha thanks ajay sir


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