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Want to avoid TDS on fixed deposit interest? This could come as relief for retirees under New Tax Regime

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new income ...
Tax Guru

TDS not deductible on interest paid to senior citizen based on Form 15H, hence Bank not assessee in default

Kerala High Court held that Bank is not required to deduct TDS on interest paid to senior citizen who has provided Form 15H. Accordingly, Bank cannot be considered as assessee in default for ...