Form 15G and Form 15H are applicable only for Indian residents by Ms. Saroj Maniar
Is it compulsory for banks to deduct 33.99 % across the board on interest from non-resident Indians (NRIs) or 10 % against permanent account number (PAN)? Do banks accept form 15 G/15 H, wher…
Showing posts with label Tax - TDS. Show all posts
Showing posts with label Tax - TDS. Show all posts
Banks Advised to Give Acknowledgment For Rceipt of Form 15-G/15-H
As you are aware banks are not required to deduct TDS (Tax Deduct at Source) from depositors who submit declaration in Form 15-G / or 15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G / or 15-H by bank customer…
