if any last year tds deducted by bank than it will lapse … but Go to bank and tell them regarding it if any nominee will mention in FD form than after request bank can deduct tds of nominee….
Sec.159 of the Act,and its sub-sections deals with this matter. LR is deemed as the 'assessee' for this purpose.
If income of assessee is lower then exemption limit, LR can fill up Form 15G( Subject to confirmation) on behalf of orignal assessee and can avoid deduction of TDS.