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Should blanket exemption on TDS be given on the basis of Form 15G/H submitted by the customer?

The benefit of TDS exemption can be granted only with respect to deposits which are mentioned in Form 15G/H as the case may be. If subsequent to submission of Form 15G/H by the depositor, a new deposit has been created or a deposit has been renewed by which the Fixed Deposit (FD) number, amount, or any other detail changes, a fresh Form 15G/H is required to be submitted for getting exemption from TDS.

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