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TDS U/S 195

This query is : Resolved 

02 January 2008 What is the procedure to claim back the TDS deducted by the bank on interest on NRO FIXED DEPOSIT when total taxable income does not reach the thrashold limit.

Is there any way bank can be stopped from deducting TDS by submitting form 15 G etc.

Pl advice.

Regards,

S.Ghosh

03 January 2008 once TDs deducted it cannot be reversed back
yes you can provide low deduction/no deduction certificate to bank , then they will not deduct tds



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