Tag: TDS on interest income

Amendment on Form 15H – Senior citizens can claim higher TDS exemption on interest income

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As per CBDT Notification No. 41/2019 dated 22/05/2019, senior citizens with a taxable income of up to 5 lakh can now submit in banks and post offices Form 15H to… Read more »

TDS on interest on deposits under Capital Gains Accounts Scheme, 1988 where the depositor has deceased

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CBDT has issued a clarification on TDS charged on the interest on deposits made under Capital Gains Accounts Scheme, 1988 if the depositor has deceased. As per the notification no… Read more »