Big news for FD investment! THESE forms will have to be submitted before June 30

Those who invest in FD will have to submit 15G and 15H on or before June 30. According to the new notification of CBDT, there has been no change in its deadline. This form has to be filled and submitted to the bank, otherwise, the bank deducts the money.

In order to give relief to the taxpayers, the government has extended the deadline for submitting Income Tax Return for the year 2020-21. The Central Board of Direct Taxes (CBDT) has extended the deadline 2 months for personal ITR and one month for companies or partnership firms. Those who invest in FD will have to submit 15G and 15H on or before June 30. According to the new notification of CBDT, there has been no change in its deadline. This form has to be filled and submitted to the bank, otherwise, the bank deducts the money. Both forms have a direct relation to Fixed Deposit (FD)