15 g in case of tds on interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2013
Mr. A give UNSECURED LOAN to Mr. B and A earns interest on it. At the END OF YEAR on 31st march B credited Interest to A's account of Rs. 100,000. Now, A want to issue 15G certificate to B, Can A do so? and Can A issue 15G at the end of year?
Thanks in advance.
Thanks in advance.
25 May 2013
15G OR H CAN BE ISSUED ONLY IF TAX ON ESTIMATED INCOME OF RECEPIENT OF INTEREST IS NIL,
AND 15G HAS TO BE SUBMITTED BEFORE RECEIPT OF INTEREST AND A COPY ALSO TO BE SUBMITTED TO AO
so tds is to be deducted
AND 15G HAS TO BE SUBMITTED BEFORE RECEIPT OF INTEREST AND A COPY ALSO TO BE SUBMITTED TO AO
so tds is to be deducted
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