About 15h
This query is : Resolved
J.P. ACHARYA
(Querist)
19 December 2012
sir my uncle has received interest of Rs. 300000 from a bank and paid interest of Rs. 200000 on loan to the same bank so his net income of interest is 100000(300000-200000).Now my query is this that can he submite form no. 15H to the bank for the Assesment year 2012-13.
Dintakurthi Tirumala
(Expert)
19 December 2012
No he can not submit form 15H. It is invalid and doesn't accept by the department.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Pankaj Gupta
(Expert)
19 December 2012
As gross income is above maximum exemption limit, therefore you can't submit form 15H.
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