sfunds.2014 (retired) (100 Points)
09 March 2018My father invested in SBI 2006 tax saver FD as primary holder and my mother is second holder.
My father expired so he cannot submit 15H form. Bank says they will deduct TDS for the same.
The FD expires after 4 years The FD cannot be preclosed so Bank will deduct Tax for Dead person?? Please clarify.
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 10 March 2018
sfunds.2014
(retired)
(100 Points)
Replied 10 March 2018
I have aleready provided that. But the Bank says it cannot be pre-closed and my mother cannot submit 15H for the same. so they will deduct TDS
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 11 March 2018
File Income Tax return your father which will be singed by your mother.
Thereafter, register your mother as a legal heir of your father.
Refund will be granted to your mother.
CAclubindia
