Kindly let me know wether TDS applicatible or no my client is having around 10lack cash he wants to do Fixed Deposit in Bank but he dont have any other income. his age around 75 years. if he sumbit form G in bank is it enough
29 January 2016
Your client needs to submit form 15H since he is a senior citizen. After declaration in Form 15H no TDS will be deducted from him. Ask him to make Fixed Deposit and submit form 15H.
CAclubindia
