Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Senior Citizen Tax Deduction Query: Can I File Return and Get Refund?

T S Khurana

T S Khurana   |427 Answers  |Ask -

Tax Expert - Answered on Feb 13, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Arun Question by Arun on Feb 13, 2025Hindi
Listen
Money

Dear Sir, My mother is a senior citizen. She is 85 years old. she has income from pension and interest on savings which together is less than 5 lacs per year. A TDS of 7275 was deducted in FY 2023-24 by bank even after submitting Form 15 H and TDS is being deducted in FY 2024-25 also. Can she file return for FY 2023-24 now or along with 2024-25 for refund of TDS. and how ?. Pls advise.

Ans: Last date of filing of ITR (Belated Return) for F/Y 2023-24 was 31.12.2024, wjich was further extended to 15.01.2025. Now, you cannot file belated ITR to claim TDS Refund.
You are also not eligible to file UPDATED ITR, since you have claim of TDS Refund.
However, for next year (F/Y 2024-25) you may file ITR in time (by 31.07.2025) & claim Refund of your TDS Deducted.
Most welcome for any further clarifications. Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
Dr Dipankar

Dr Dipankar Dutta  |1079 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Apr 03, 2025

Asked by Anonymous - Mar 24, 2025Hindi
Listen
Career
Sir, My son is not interested in computer related jobs. However, he has deep interest in physics. Based on his choice, he likes two engineering branches (from good/reputed institute (like VIT/Thapar Institute) - Either Mechanical engineering or Electronics and communication engineering. So, please suggest regarding the following queries. (1) From package/salary point of view, which one would be better - Mechanical engineering or Electronics and communication engineering (Considering, having job in core sector)? (2) From profession growth point of view, which one would be better - Mechanical engineering or Electronics and communication engineering (Considering, having job in core sector)? Please suggest from short and long term perspective.
Ans: If he wants stable government jobs (PSUs like ISRO, DRDO, BHEL, ONGC, BEL, etc.) → Both ME and ECE are equally good.

If he wants a high-paying career in India (private sector) → ECE is better (VLSI, semiconductor, telecom are booming).

If he wants international opportunities (Germany, US, Japan) → Mechanical is good for automotive/aerospace, but ECE is better for semiconductors.

If he is interested in future technology (Quantum, AI hardware, 6G, IoT, Chip Design) → ECE has a clear edge.

If he enjoys hands-on work (machinery, engines, aerodynamics) → Mechanical suits him better.

For best career growth and salary: ECE (core sector like VLSI, 5G, semiconductor, telecommunications, embedded systems).

For passion in classical physics and machines: ME (with specialization in Robotics, Aerospace, or Renewable Energy).

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x