form 15g or 15h or form 121 for bank purposes

[Sundaraiah kollipara]

sir,

A person two banks amount deposit in fds some amounts

question:

a person tds not deducted form 15g ,15h or form 121 applicble for bank submit pruposes

AI Summary

TDS non-deduction on bank fixed deposit interest when valid Form 15G/15H or Form 121 is furnished to banks. Question whether submission of Form 15G, Form 15H or Form 121 to banks prevents deduction of tax at source on interest from fixed deposits when a person has deposits in two banks; issue centers on furnishing the relevant declaration forms to the paying banks and applicability of those forms for bank purposes to obtain non-deduction of TDS.