15g regarding

ROHIT JAIN (PROPRIETOR) (24 Points)

22 August 2014  

I HAVE INTEREST INCOME OF RS. 4 LAKH FROM LOAN GIVEN BY ME TO X PARTY OUT OF THE LOAN ACCEPTED FROM THE Y PARTY AND RESPECTIVELY I PAY THE INTEREST TO Y PARTY OF RS. 3 LAKH CAN I AM ELIGIBLE FOR GIVEING THE FORM 15G FOR NON DEDUCTION OF TAX TO X PARTY PLEASE GIVE THE ANSWER IN DETAIL WITH SECTION AND INTERPERTATION IF ANY AND CASE LAW IF ANY DECIDED IN THIS RESPECTIVE CASE