Is it necessary to collect form 15G/H every year in case of a fixed deposit accepted by a financial company for a period of 3 years
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form 15G/H
Replies (3)
Yes, it is, as the income of the assessee can jump the exemption limit any year, But, it also depends on the policy of the dedutee i.e. if the interest is accounted for every year during the three year period, it need to be collected for all the three years otherwise if the interest is considered on maturity, one can collect it in the respective year only.
agree with sunali
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