15g/h
This query is : Resolved
06 March 2014
if i hv to pay interest of 2.5 lac to a person bt he files form 15g for non deduction of tds.and i hv paid him interest without deduction of tds despite his income exceeds taxable limit of 200000...will i b liable for non deduction of tax???
07 March 2014
no you wont be liable for non-deduction. even if the said person's total income is exceeding Rs 2 lakhs, it is possible that his tax liability may still be nil.
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