HOW TO FILE ITR AFTER DUE DATE FOR CLAIMING TDS REFUND ON INTEREST INCOME | ITR 1 | AY 2018 19 | Section 139(4)
Project - #makeknowledgefree
By - Amlan Dutta
Sir, my friend has not file itr a.y 18-19, but he has fdr interest whose tds is deducted by his bank. he have no other income only fdr interest less than 60000 yearly. can he file ITR now and claim tds or not?
Solution - #makeknowledgfree
Sure, he can , he shall use the belated section 139(4) to file the belated return
Rest all process remains the same
He will show bank interest income under income from other sources
TDS credit shall; be claimed in the TDSschedule
The tax liability being Nil , all the tax deducted as TDS shall be determined as refund in the return and once return is processed , it shall be processed to the bank account mentioned in the return
Cheers ,.
Amlan Dutta
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