POSTED BY November 9, 2012 8:17 am COMMENTS (4)ON
Could anyone answer the below 2 queries.
1. My wife has made an FD of 1 Lakh for 5 years and the interest received after 5 years is, lets say, 60,000. So, it’s more than 10,000 per year. Hence a TDS of 1000 (10%) will be deducted. Now, she being a house wife and has no other income and the interest she received from FD doesnot cross the 1.8 lakh slab. can we file returns for the deducted TDS?
2. And what should be the amount to be filled under “Income from other sources”? is it 10,000 or 60,000?