The new TDS rule of 20% TDS on interest if PAN is not provided & PAN is compulsory for Form 15G & 15H are the rules aimed at harrasing the common man & senior citizen. When income is exempted upto Rs.150000/- but TDS on interest starts at Rs.10000/-. Finance Minsiter has to unearth the black money involved in real estate, share market and big bank balance in SB & Current A/c's. Please advice him to fish in a big sea ratther than in small pond where nothing is available.
