Form 15h, 15g

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Ritu (Querist)
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13 June 2013 I am a deductor, I went to deduct TDS on Inerest of Rs.40000 on 15 May but deductee given declaration of form 15G what is the date for declaration given to commissioner of income tax etc.

What is the due date of depoiste 15G,15H in Income Tax office.

Rupesh Jain

Rupesh Jain (Expert)
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13 June 2013 7 APRIL WAS DUE DATE OF DEPOSITE THE 15G AND 15H

OTHER WISE RS 100/- PER DAY FINE HAVE TO PAY

Ganeshbabu K

Ganeshbabu K (Expert)
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13 June 2013 No Penalty applicable on submitting form 15G &15H

He need to provide form 15 G/H before assesse receives first interest from the bank..

In case of failure to provide form 15G & H tds is deductable under section 194A if no pan tds @ 20% wll be deductable

Thanks & regards
Ganeshbabu k