Before you proceed with your investment plans, you must be aware of a few facts about the applicable deductions on the income generated from the investment and how to avoid them.
Having said that, if your gross annual income (which includes the income from the primary source: work, business + income from secondary sources such as interest income generated from investment) doesn’t exceed the taxable limit; you can claim the TDS amount deducted. How can you do that? You can use the form 15G or 15G for the purpose. You can fill the form 15G and 15H, whichever is applicable in your case and submit it to the bank asking them not to deduct any TDS because your income is below taxable limit. What conditions to fulfill while submitting the Form 15G and 15H?
Last but not the least, some people find it difficult to decide the right form to use. Hence, take help from the expert and choose the right form to use. Read more at: Save TDS on Interest Income with Forms 15G and 15H
Also Read about What Are the Best Short-term Investment Options:
0 Comments
Leave a Reply. |
CATEGORY
About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
|