TDS ON INTEREST
This query is : Resolved
CA S Sundararajan
(Querist)
22 February 2008
Dear Sir,
One of my cleient(Individual) having more than one FD with Scheduled Bank and which are yielding interst for Rs 5500, Rs 6800 and RS 8900 .
In this situation, Banker tryed to deduct tax at source for Interest amount to Rs 8900.
He don't have any other source of income ,what are the remedied available to him . Is submission of Form No 15 H enough or not?
One of my cleient(Individual) having more than one FD with Scheduled Bank and which are yielding interst for Rs 5500, Rs 6800 and RS 8900 .
In this situation, Banker tryed to deduct tax at source for Interest amount to Rs 8900.
He don't have any other source of income ,what are the remedied available to him . Is submission of Form No 15 H enough or not?
22 February 2008
SUBMISSION OF FORM 15H IS SUFFICIENT.
CA. Kirti S. Ganatra
(Expert)
22 February 2008
Yes on 15H submission there will be no tax
CA S Sundararajan
(Querist)
03 March 2008
thank you very much sir
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