Tax Return

Is it compulsory to file income tax returns if the gross income is below taxable limits and TDS on interest has been deducted.

asked Oct 04 '11 at 18:30 by darshan 1344

If gross income is below taxable limits, income tax filing is not mandatory.

But if TDS has been deducted on bank interest, you would need to file income tax return in case you want to get refund for extra tax amount deducted.

answered Oct 04 '11 at 19:40 by Pankaj Batra 5.2k320


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Asked: Oct 04 '11 at 18:30

Seen: 1,645 times

Last updated: Oct 04 '11 at 19:40