Form 15g & 15h
This query is : Resolved
29 January 2014
Dear Sir/Madam,
Good Morning,
I've a question regarding form 15g & 15H?
1.Whether bank will issue form 15g&15h?
2.My uncle(60yrs)is retired from Govt service in the month of Sept 2013.Now, he got pf,grautiuty amt etc around Rs.8lakhs.He decided to open fixed deposit for Rs.10lakhs.From F.D interest he has lead life because he'll not get pension so there no income for him.Right now my question is can he open f.d.a/c by issuing form 15h to get exemption of TDS?
3.who is eligible to issue form 15h?
please me in this regard awaiting for your reply.
Thanking you,
Ajay.
Good Morning,
I've a question regarding form 15g & 15H?
1.Whether bank will issue form 15g&15h?
2.My uncle(60yrs)is retired from Govt service in the month of Sept 2013.Now, he got pf,grautiuty amt etc around Rs.8lakhs.He decided to open fixed deposit for Rs.10lakhs.From F.D interest he has lead life because he'll not get pension so there no income for him.Right now my question is can he open f.d.a/c by issuing form 15h to get exemption of TDS?
3.who is eligible to issue form 15h?
please me in this regard awaiting for your reply.
Thanking you,
Ajay.
29 January 2014
Hi
Some banks do issue Form 15G/15H
For understanding more on 15G/H pl refer: http://www.charteredclub.com/tds-on-fixed-deposits/
Thx
Some banks do issue Form 15G/15H
For understanding more on 15G/H pl refer: http://www.charteredclub.com/tds-on-fixed-deposits/
Thx
29 January 2014
Dear Ajay
Form 15H should be filed by your uncle to the bank by mentioning his investment details. As well as the form is valid for 1 year and it should be submitted yearly once.bank deduct TDS only if the interest per year crosses Rs.10000/ per year.
In case if interest is less than Rs.10000/ then dont file From 15H
Form 15H should be filed by your uncle to the bank by mentioning his investment details. As well as the form is valid for 1 year and it should be submitted yearly once.bank deduct TDS only if the interest per year crosses Rs.10000/ per year.
In case if interest is less than Rs.10000/ then dont file From 15H
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