Whether 15g can be submitted
This query is : Resolved
07 July 2015
I wanted to know whether an NRI can submit 15g with the bank or not.
My friend have fd's with cooperative banks for Rs 10lacs and he is an NRI. From this FY bank is deducting TDS at 20%. Interest per annum comes to around 1 lac
He has no other source of income other than bank interest.
He is not senior citizen also
Can he give Form 15g?
Kindly reply
07 July 2015
http://articles.economictimes.indiatimes.com/2013-10-28/news/43462531_1_income-tax-officer-interest-income-wonderland-investments
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