even after asubmitting 15h, bank deducts TDS for the reason total estimated income from that bank exceeds Rs 2.50 lacs;
As per RBI guidelines,
-1. whether Bank need not deduct TDS, merely relying on the declaration in 15H by the client ?
or
- 2. Whether, Bank should deduct TDS if total extimated income from the bank exceeds certain amount?
-3. if bank has to deduct TDS, what is the cut off Quantum of estimated total income from that bank?
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