22 March 2015
If a person income is below the exemption limit.. He can give 15G/H as applicable to the deductor for non deduction of TDS...
My query is..
How to deal with it as a deductor in quarterly statements? I mean how to reflect it in our 26 Q or other forms as specified and procedure for filing details of it monthly to the CCIT???
23 March 2015
Vijayalakshmi, Form 15G/H is given by interest receiver for non deduction of TDS. Since no TDS is deducted it need not to be mentioned in Form 26Q.
CAclubindia
