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.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aayushi Chauhan

prakash takane

venkateswara reddy

Thanwar Chhatwani

R Prabhudoss

Subscribe Now

15 g in case of tds on interest

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANCY

CA Final

GST CONSULTANT

Accountant