Tax on Fixed Deposit

[Satyen Rohit]

TDS of 20% is deducted from my fixed deposit interests because I didnt file for income tax. Please let me know how to get refund of income tax ?

[DR.MARIAPPAN GOVINDARAJAN]

You may provide the PAN to the bank and request the bank to revise their TDS and get refund.

[Ganeshan Kalyani]

Yes , the return has to be revised.

AI Summary

Guidance on 20% TDS Deduction for Fixed Deposit Interest: Provide PAN to Bank and Revise Tax Return for Refund. An individual inquired about a 20% TDS deduction on fixed deposit interest due to not filing income tax returns and sought advice on obtaining a refund. One response suggested providing the bank with a PAN to request a TDS revision for a refund. Another response confirmed that revising the tax return is necessary.