Benefit of form 15g

Rajat Agarwal (Professional) (23 Points)

21 April 2017  
A Private Limited Company has received Form 15G from a party to whom the company was paying interest on unsecured loan for non deduction of tax as the total income of the party including the interest income do not exceed maximum amount not chargeable to tax. So, now in this case what action should a company take i.e. whether to deduct TDS or do not deduct TDS.