SBI Online 15H Submission
Recently I had come across a post of gentlemen informing that discontinuation of online submission of 15G/H by SBI.
Yesterday I had been to my branch to submit physical form. It was accepted.
I was informed that SBI has reintroduced the online facility. It can be found under e-Fixed deposit-Generate 15G/H.
Before posting I verified and found it truthful.
The desk officer also informed that if you are taking your interest monthly/quarterly, one must submit 15G/H two days before due date. This as per ITD directive. Any body can throw light on this aspect? more
Yesterday I had been to my branch to submit physical form. It was accepted.
I was informed that SBI has reintroduced the online facility. It can be found under e-Fixed deposit-Generate 15G/H.
Before posting I verified and found it truthful.
The desk officer also informed that if you are taking your interest monthly/quarterly, one must submit 15G/H two days before due date. This as per ITD directive. Any body can throw light on this aspect? more
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Dear Sir, I am a member of LocalCircles, but do let me know how do I post my queries to this group (Tax, Investments and Retirement) ? Thanks Warm Regards, *Indrajit* Bangalore Cell: 95387-99223 On Fri, Apr 21, 2017 at 10:00 AM, Ajit Ronad wrote: > more
Apr 25
Thanks Mr. Ajit Ronad. ---- Original message ---- On Sat, Apr 22, 2017 at 7:29 AM, Ajit Ronad wrote: > more
Apr 22
I submitted form 15 G two days before maturity of my FD....yet my tax was deducted !!! I wonder why ? more
Apr 21
Yes Mr. Ajit Ronad it is correct. As I responded to Mr. Subrata Ghoshal's query I found not only SBI but private banks too were temporarily withholding online submission or in some cases physical submission of Form 15G/H specially Form 15G. There was a strong rumor in banking circles that a major modification is coming in the rules of Form 15G/H. After the new forms were released by IT Department the banks first started taking in physical format, then made necessary re-modification in net-banking websites to facilitate online submission from beginning of this week approximately. Also it seems they are more meticulous in scrutinizing Form 15G that Form 15H since as I said in my earlier postings whether they officially agree or not, TDS is a form of Advance Tax and Senior Citizens not having any business income are exempt from paying Advance Tax. They know it very well. Personally I feel Form 15H should have another declaration to make it more loop hole free - stating whether the person has any business income, if yes, estimated value of that income for the FY for which the form is being submitted must be declared. more
Apr 21
