Timeline to submit form 15g

Rupesh (Querist) 24 July 2014 This query is : Resolved
Hi,

I am planning to open fixed deposit in bank next month. As per my knowledge, form 15g should be submitted at bank in beginning of year to avoid TDS. but in this case how can i avoid TDS as my FD will be opened in mid of the year. Is there any fixed timeline to submit for 15G?

thanks.

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Atlas Eva (Expert) 25 July 2014
contact ur bank branch officer and check with him. TDS is deducted Quarterly and depends when interest is credited to your account. Ask banker.

Devajyoti Barman (Expert) 25 July 2014
consult your tax adviser.

malipeddi jaggarao (Expert) 25 July 2014
You can submit the Form 15-G to the Bank at the time of opening the FDR account in the Bank for this year. For subsequent years, you are required to submit the same at the beginning of Financial Year i.e., in the month of April periodically untill the FDR matures.