Normally, in all other banks, form 15g or 15h is to be submitted once a year, in April each year. That is sufficient and they will not deduct tax. Only s.b.i. says that every time you make new fixed deposit, roll over fixed deposit, mature fixed deposit, you must submit form 15g or 15 h. I do not understand why. Form 15 g or h is clear that during financial year, your total income is below taxable limit. Then why each time? That is also when all other banks take it only once.

Normally, in all other banks, form 15g or 15h is to be submitted once a year, in April each year. That is sufficient and they will not deduct tax. Only s.b.i. says that every time you make new fixed deposit, roll over fixed deposit, mature fixed deposit, you must submit form 15g or 15 h. I do not understand why. Form 15 g or h is clear that during financial year, your total income is below taxable limit. Then why each time? That is also when all other banks take it only once. more

Helpful Tax, Investments and Retirement Apr 22

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ANJANI VERMA

As far as I know in every bank you have to deposit 15G/H every time you make a new deposit. more

Apr 27

Arupratan Sit

in my wife's case, they deducted the tax too. her INB is mapped with IT Bangalore. She is refused/discouraged by SBI to file 15G. But in INB she could file 15G. And that a/c is her Salary a/c. Software has surely got a BUG. On Tue, Apr 25, 2017 at 5:14 PM, Deekshitulu Kalaga < support@localcirclesmail.com> wrote: > more

Apr 26

Deekshitulu Kalaga (President Sri Rama hills welfare association)

be ware government is for sure is going to catch all Fd deposit holders who hide their interests. more

Apr 25

Arupratan Sit

my application for House Loan transfer from HDFC was accepted on 1.10.2015 and had not been done till date. Even it has not been disposed. My papers are not traceable. they have nothing on internet. it was a lengthy form. they are telling me to apply again. meanwhile 3 loan manager changed. every time they notice my EMI is going through ECS they beccome active and tell me to apply afresh. Sarkar ka bank. On Mon, Apr 24, 2017 at 6:49 PM, Niteen Gulgule < support@localcirclesmail.com> wrote: > more

Apr 25

Niteen Gulgule

If you read New format of Form 15H/15G carefully (which is in force from last year), It has provision to submit multiple forms during year and it is expected to submit new form on every new FD or renewal of FD as your expected income changes accordingly. Also there is field where we have to give total no. of Form 15H submited and total income including new form which needs to be updated correctly. However not all banks follow this practice as probably they may not have system supprot to update these multiple forms and updation of first form submitted in April gets captured for new or renewal of FD when new FD opened under same Customer ID. more

Apr 24

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