TDS on Fix Deposit of 5 year (Form 15-H)

Tax planning 690 views 1 replies

Hi,

 

I was Planning to invest in Fix Deposit of 5 years to get an exemption under 80C, I was reading an article and it stated

 

"The interest earned on your investments will be subject to tax deduction at source. However, in case if you have no other
income apart from interest income, then in order to avoid Tax Deduction at Source (TDS), you can submit a declaration in Form 15-H (for general)."

My Query is


1) What does it mean "in case if you have no other income apart from interest income", I have income from my Business so I am not Eligible to fill the Form 15-H?


Please guide me on the Same
.


Thanks & Regards,

Harshit Patel

Replies (1)

You have income from business and i assume that it will taxable income so you can not deposit Form 15G/H. you can take refund or adjust tds deducted at the time of filing return with your tax liability ...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details