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Question ID : 44401


If a person is deducted TDS on interest amount of Rs. 1,00,000 @ Rs. 10,000 on fixed deposits made with the bank in the FY 2021-22. He is not having any other income except the interest earned amounted to Rs. 1,00,000/-. His case is reported in Form 26AS & AIS. Whether he is required to file the ROI since TDS is deducted..? If he does not file the return for the AY 2022-23 what will happen..?

Posted by santhoshreddy.m on Dec 31, 2022


Answer ID : 83863

Filing of return is not mandatory in your case, But notice can be expected on which reply for not filing the return has to be filed online.

Posted by B.CHACKRAPANI WARRIER on Jan 02, 2023
Answer ID : 83867

Not required. You can answer income is below basic exemption limit. From next time submit Form 15G/H for non deduction of TDS.

Posted by VINAY BHARGAV KUMAR G on Jan 02, 2023
Answer ID : 83877

it is not mandatory since income is below taxable limit. But it would be adviseable to file the return to claim refund.

Posted by SHUBHAM SONI on Jan 17, 2023