regarding TDS
This query is : Resolved
29 March 2010
Dear sir/madam
my name is chinmay hegde. i have one doubt.. regarding TDS that iS my friend annual income is 135000 but his fixed deposit was Rs 150000 at 8% interest. now bank will deduct TDS but his taxable income not exceding 160000.so his question is how to avoid that. and which FORM should be submit to bank for claiming exemption from TDS on interest of FD.SO PLEASE INFORM ME..
Thanks
chinmay hegde
9964141133
my name is chinmay hegde. i have one doubt.. regarding TDS that iS my friend annual income is 135000 but his fixed deposit was Rs 150000 at 8% interest. now bank will deduct TDS but his taxable income not exceding 160000.so his question is how to avoid that. and which FORM should be submit to bank for claiming exemption from TDS on interest of FD.SO PLEASE INFORM ME..
Thanks
chinmay hegde
9964141133
29 March 2010
If your friend is a senior citizen , give 15H in duplicate to the bank. If not a senior citizen give 15G. In either case copy of the PAN Card also to be given to bank.
Forms can be downloaded from www.incometaxindia.gov.in
Forms can be downloaded from www.incometaxindia.gov.in
29 March 2010
AGREE WITH SIR.
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