Sbi form 15g rule for FD TDS
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Hello everyone,
I want to discuss the rules of the TDS deduction for SBI.
Do we have to submit FORM 15G
Option 1: every time a new FD is open or renewed
OR
Option 2: only one time in every financial year
What do you guys do out of these options to avoid TDS deduction?
I want to discuss the rules of the TDS deduction for SBI.
Do we have to submit FORM 15G
Option 1: every time a new FD is open or renewed
OR
Option 2: only one time in every financial year
What do you guys do out of these options to avoid TDS deduction?
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https://www.desidime.com/discussions/sbi-form-15g-rule-for-fd-tds?page=1#post_9221214
I also did the same but TDS is still deducted.I know we can take refund of it while filing IT. But still I went to ask it to manager.According to manager, in Sbi , we need to submit form 15g again and again on new and existing FD renewals .I don't know if this rule is there in sbi. Sbi is not a private bank that it can make its own rules and deduct TDS as per their needs.I wonder if there is any RBI guideline about it or this manager said a lie 🤥
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https://www.desidime.com/discussions/sbi-form-15g-rule-for-fd-tds?page=1#post_9221662
Every year before the financial year closure till the FD terms ends.
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Option 2