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15 g in case of tds on interest

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Querist : Anonymous

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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.
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Ganeshbabu K

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Ganeshbabu K (Expert)
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
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