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15G on interest on NRO A/C FD

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(Querist)
25 March 2009 when TDS is deducted at the rate of 30.9(plus surcharge if applicable) on interest on FD in NRO A/c.if the recepient give 15G form to Bank whether bank is liable to deduct tax on such interest after receipt of 15G form?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
26 March 2009 No, not liable.

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