Dear Professional Friends
If one Fixed Deposit Holder earns INTEREST INCOME (from FD) for 2017-2018 as Rs2Lakhs, and this Rs2L interest income will attract any INCOME TAX?
(1) if so %?
(2) Like form15G, shall we give any other FORMS to aviod the Income TAX for the INTEREST INCOME?
(3) Please do not inform about FORM15G procedures, that I aware
Fixed Deposit Holder is an individual Male, NO JOB age is 52
He will purchase a house during June 2018, so he is having all his life saving in the form of FD in the Nationalized Bank in India
Adv thanks
regards
Balaji Subbu