Tax deducted at source

This query is : Resolved

Bidkar Vinit Arunkumar (Querist)
Follow

16 January 2012 Sir my father earn annually interest Rs.10000 from fix deposits which is above the limit of T.D.S.so please guide me to how can i remove the T.D.S. & earn more interest from banks?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

16 January 2012 If Income Below Taxable limit. You can avoid TDS deduction by giving form 15G or 15H as applicable.

Form 15H can be submitted only by Individual above the age of 65 years. (Age limit reduced to 60 Years from A.Y. 2012-13)

Form 15G for others. For detail information in this regard see below link---

http://taxguru.in/income-tax/download-know-and-faq-on-form-15g-form-15h.html

Message likes : 1 times

Bidkar Vinit Arunkumar

Bidkar Vinit Arunkumar (Querist)
Follow

16 January 2012 Thank u...............

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok