Tds query

AISURYA MOHANTY (manager) (52 Points)

15 August 2014  

Dear Sir,

MY client has some fixed Deposits for 5 Years amounting Rs.8lakh.She is a House wife.

Every year she is taking Inerest certificate and filing Nil return to I.T. Department.

On maturity she has submitted 15H form along with PAN Card.However the Bank has deducted 10% TDS on total Interrest accured in the Last Five Years.

Has the Bank do the correct thing

 

waiting for youe reply

Aisurya