I have many old NCDs and new Bonds invetments on Wint Wealth. It was stupid to file 121 for each of these NBFCs.
Today I filed single form 121 on CDSL and it is hoped that there will be no TDS deduction on any Bonds whether they are on CDSL or NSDL.
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Single form 121 for mutiple interest income from Bonds.
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Form 121 serves as the unified replacement for Forms 15G and 15H to avoid TDS on interest income.
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Filing Form 121 electronically through a depository like CDSL or NSDL covers demat-held bonds and securities centrally, eliminating the need to file separate declarations for each individual NBFC or bond issuer.
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