Is it mandatory to file ITR if TDS is deducted ?

POSTED BY jibi ON March 8, 2015 10:14 am COMMENTS (2)

I have the following query for a person whose source of income is from bank interest and total income is less than 1.5Lakh, as follows:

1. If there is a small TDS of say Rs 800/- or so and if no refund is sought, then, is it mandatory to file ITR as there is a TDS?

2. Is it mandatory to file ITR (either efiling or paper filing) just because the person has registered at income tax efiling site for filing e-return?

Thanks in advance.
Jibi

2 replies on this article “Is it mandatory to file ITR if TDS is deducted ?”

  1. Manish Chauhan says:
    March 8, 2015 at 10:15 am

    Just because TDS is deducted, that does not mean that you dont have to file the returns . Filing returns is mandatory is you have paid tax and your taxable income is above the limit.

    Filing return is a way to declare your actual income.

    Manish

    Reply
    1. jibi says:
      March 9, 2015 at 1:06 pm

      Thanks Manish. Another connected query is, if the bank interest received by wife is clubbed with husband’s income for tax purpose and if there is already a TDS on the interest, then how to show this in the IT returns, as the TDS will be reflected in wife’s 26AS form. Any idea?
      Thanks
      Jibi

      Reply

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