My Aunty & Uncle (Deceased) have a Fixed Deposits in Bank. Uncle is the first holder and Aunty is the second holder in the said FD. Uncle died in this Financial Year. FD will mature in May, 2017 i.e. in the next Fin. Year. Now Bank is deducting TDS on Interest.
My quarry is:- 1. Can Bank Deduct TDS on Interest earned in the said FD?
2. Aunty has also PAN. Can she submit for 15G for non-deduction of Income Tax on Interest Income, her gross income is below1.5 lac.
3. As per income tax is it applicable to deduct TDS on deceased Assessee?
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