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Query: How I can get refund of TDS on Bank FD interest

Category: Investments

Answer: To get the refund of TDS on Bank FD Interest: 1. We need to file ITR 2. Declare our interest income 3. Check 26 AS for TDS deducted, if not reflecting approach the bank 4. Claim the TDS against your tax liability 5. FD interest are taxable at the rate of normal slabs as applicable to any assessee, if your income is below taxable limits, there would be no tax liability & entire TDS will show as refund to you. 6. File the ITR. 7. You will refund once ITR will process, usually it takes 2-3 months to process your ITR.

Date Posted 13-Dec-2019
Posted By Kumar Prakash
Views: 420

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