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.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
