Dear Friends,
My brother is working in a software company in Bangalore, now he is in europe on a project since last 3 years.
He has made a Fixed deposit in ICICI bank for 4 lacs. Now his online statement is showing TDS deducted @ 10 % on interest accrued on last 2 quarters.
His annual salary is around 5 lakhs. Pls advice if he can avoid the tax on FD interest, if so pls guide me through.
I have heard about form 15g but not sure about it. pls advice.
Thank you.
CAclubindia
