Form 15 g
PJBSCUFRPR
(Querist) 12 August 2016
This query is : Resolved
R/sir-mam my taxable income is below the limit of Rs.250000/- so I used to submit Form 15G form for HDFC deposits for every financial year. I have never filed ITR before .but for fy 2016-17 I missed to submit Form 15 g in bank and TDS deducted from my account. So please suggest -1) can I get refund the amount deducted without filing ITR and what will be the status of next months TDS if I submit form 15g this month. 2)Deposit certificates are joint with my mother so shall we have to calculate my salary too in taxable income for tax assessment.
R.K Nanda
(Expert) 12 August 2016
Contact tax lawyer.
PJBSCUFRPR
(Querist) 12 August 2016
Please arrange to provide me his mail I'd and contacts.
Rajendra K Goyal
(Expert) 12 August 2016
-1) can I get refund the amount deducted without filing ITR and what will be the status of next months TDS if I submit form 15g this month.
Ans: For refund you have to file Return, last date was 05.08.2016. You can file now also discuss with tax consultant. If form submitted, Bank should not deduct the tax.
2)Deposit certificates are joint with my mother so shall we have to calculate my salary too in taxable income for tax assessment.
Ans: If your name appears first in the deposit Receipt (FDR), you are liable to pay / account for the TDS / tax. In such case all your income from any source including salary would be counted while filing return.
adv.bharat @ PUNE
(Expert) 12 August 2016
You may approach a very able counsel specializing in service matters.
PJBSCUFRPR
(Querist) 13 August 2016
Sir kindly suggest if I only submit 15g for this fy 2016-17 now in august 2016, my TDS will not be deducted up to march. But please confirm if I file ITR for fy 2017-18 on April 2017 can I get refund amount of all TDs deducted of apr-july 2016.
Rajendra K Goyal
(Expert) 13 August 2016
if I only submit 15g for this fy 2016-17 now in august 2016, my TDS will not be deducted up to march.
Ans: It should not be deducted.
if I file ITR for fy 2017-18 on April 2017 can I get refund amount of all TDs deducted of Apr-July 2016.
Ans: Due date for filing ITR for FY 16-17 (AY 17-18) is 31.07.2017, you can file before it, you would get refund if due.
PJBSCUFRPR
(Querist) 13 August 2016
OK thanks for your kind support n cooperation.
