Bank interest
This query is : Resolved
14 November 2012
Pls guide me on the following query....
Bank interest is nearly 65K during FY 2012-13 and there is no other income.
15G form already submitted with the bank (for financial year 2012-13),
Is it correct that the bank will still deduct TDS if the total income from all sources does not come under taxable limit.
Bank interest is nearly 65K during FY 2012-13 and there is no other income.
15G form already submitted with the bank (for financial year 2012-13),
Is it correct that the bank will still deduct TDS if the total income from all sources does not come under taxable limit.
15 November 2012
Once you give 15g/h bank will not deduct tds.
iT IS THE INDIVIDUALS RESPOSIBILITY
iT IS THE INDIVIDUALS RESPOSIBILITY
CA VISHNU GAVKARE
(Expert)
15 November 2012
15 g is to be submitted if total income is below exemption limit. Once you submit bank will not deduct TDS.
15 November 2012
Please contact your branch and know the reason of TDS.
Chance is that 15G might have been rejected by bank without informing you or Bank authorities yet to update 15G information on the system.
Chance is that 15G might have been rejected by bank without informing you or Bank authorities yet to update 15G information on the system.
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