Questions Interest TDS (U/s 194 A) (10%)

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SAIKAT DAS

Category : Interest..,

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August 14, 2019 9:29 pm

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Interest TDS (U/s 194 A) (10%)

Dear Amlan vai,
I watched your youtube video tutorial and find that your family keep money in bank fd and tds is deducted huge in every year.Can you tell me is there any benefit(after consider inflation rate) they will get after deducted tds in every year .Personally I want ...

SAIKAT DAS

SAIKAT DAS

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Ujjwal Kundu

Category : 80TTA - .., Interest..,

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July 11, 2019 5:52 am

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80TTA - Income from interest on saving banks Accounts

Sir,
Bank deduct TDS on savings account interest.
My total savings account interest in fy2018-19 was 26780 and bank deduct 2680 as TDS which reflect in my 26as u/s 194a.
My question, is savings account interest fall u/s194a?
Can I claim deduction u/s 80tta?
(As far as my knowledge concerned, bank can't d...

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Amlan Dutta

Yes, you are right , TDS doesn't apply on savings interest. Bank shouldn't deduct TDS on savings interest ......if it has deducted, it is a mistake ...
You can surely claim benefit of 80 TTA on lesser of savings interest or 1000 rs ...which bank , in between ,lol , these institutions also are commit...

July 11, 2019

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Umakanta Saboot

Category : Interest..,

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September 5, 2018 9:26 pm

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Interest TDS (U/s 194 A) (10%)

Thank you very much Amlaan ji for ur kind support. I have attached here our previous chat screen shot. Continuation to that- Regarding ur response: (AY2017_18 Though I’m nt agreed with d entire demanded amount but I have paid the demand recently and willing for the refund of my extra tds deducted...

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Amlan Dutta

Once return is processed, revision ( Under section 139(5) is no longer a option

( Revision can be only done till one year from the end year of the assessment year or processing of return , whichever is earlier) ...here since return is processed, section 139(5) cannot be used any more

I really can't...

September 5, 2018

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Jitendra B

Another option is to make a condonation request on paper to the AO & Commission of Income Tax to allow you to file a revised return. Its a lengthy process and a visit to the AO office where your PAN is attached is required.

September 7, 2018

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Umakanta Saboot

Category : Interest..,

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September 4, 2018 1:37 pm

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Interest TDS (U/s 194 A) (10%)

Dear Mr Amlaan,
After receiving 3 times email intimation from cpc u/s 143(1) I got an income tax demand notice u/s245 in July'18 for AY 2017_18. I missed last year to show my income from other source which is gained from interest accumulated on my old pf account of prev company. The interest is depos...

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Amlan Dutta

You shall file a rectification to given intimation under taxpayer correcting data and select same section for filing return as that of the original return ...i.e it is a submission of request for rectification so filing section won't change ...if rectification accepted , then you can select option d...

September 4, 2018

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Umakanta Saboot

Thank you very much Amlaan ji for your kind support. Reg your response: (Though I did not agree with the demand but I have paid the demand and willing for refund) You suggested for rectification but I read somewhere in a blog of cleartax.com that if additional income is shown in rectification then i...

September 5, 2018

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Amlan Dutta

September 4, 2018

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