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Investors making false statements will be liable for prosecution under the aegis of Section 277 of the Income Tax act of 1961. It is the duty of the investor to verify the information furnished in the declarations before signing it. While some banks require only two copies, other banks will take three and provide one copy to the investor as an acknowledgement. Number of Copies requiredĭuplicate copies of the declaration will have to be submitted to the banks. These could be other investments, dividends from Shares, mutual funds or any money withdrawn from National Savings Schemes. Along with the correct PAN number, investors will have to furnish other details such as telephone numbers, email ID’s, occupation and complete addresses along with details of income from other sources. Hence it is imperative that the investor provides the correct PAN number while filing these forms. Usually any FD generating interest higher than RS 10,000 will have a 10% TDS deducted at the source, however if the investor has not given the bank their PAN number, then the TDS deducted for FD’s generating more than RS 10,000 in interest will see a 20% deduction at the source.
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Form 15g download pdf how to#
Now let us understand how to fill form 15G and 15H for fixed deposits:
Form 15g download pdf password#
The password of the forms will not be shared with any person.