My dear Pankaj, I am having trouble with my bank (nationalized) regarding sending credit of TDS deducted from the interests on my Fixed Deposits to the Income Tax Department. Despite repeated complaints at various levels, the problem has remained unresolved and the bank has been failing to send the credits to the Income Tax Department as required. One of my friends has suggested that I submit form 15H to avoid deduction of TDS by the bank. But I will remain in the taxable slab even though I am a senior citizen and I am not sure if at all I can submit form 15H. I have been depositing advance tax as per IT rules. I would be grateful if could advise if submission of 15H will be of any help in the circumstances.
Sincerely, Swapan Kumar Sen Kolkata
