Form 15h new rules

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a senior citizen has total income below 2.5 lacs during last financial year.but interest received from one bank is 80k.

though he had submitted for 15h, but still the bank has deducted tds. is their any rule that the bank will not accept 15h.

Replies (1)

No change in Rule 29C r.w.s. 197A(1C) of IT act.

He might have submitted form H after due date.

Or estimated tax liability as per bank may not have been NIL (during any time of financial year)

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