18 November 2012
my father sold own land & deposit in bank as fixed deposit & interest collect quaterely basis so that is it tds applicable on interest & what is rate of tds there is compalsery fill up of income tax retrun if compalsery please send me format of income tax thanks & Regards Rajendar singh
18 November 2012
If interest income from fixed deposit is the only income for your father kindly file Form 15 g incase his age is below 60 else Form 15 H. Its a self decleration form should be filled and submitted by your father to the corresponding bank.
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