Deduct tds or not ??
This query is : Resolved
Ashish Swar
(Querist)
12 June 2013
A lady, senior citizen, having rent rent income of above 400000/-, can submit 15G, to avoid TDS ???
CA Kapil Verma
(Expert)
12 June 2013
yes for sure
Ashish Swar
(Querist)
12 June 2013
Respected Sir,
The Income is above the basic exempption limit, so how come 15G can be submitted ???
Please , can yourself explain ???
The Income is above the basic exempption limit, so how come 15G can be submitted ???
Please , can yourself explain ???
CA Kapil Verma
(Expert)
12 June 2013
it ,depend on her investment
if net taxable income is up-to exemption limited i.e 2.5 lac, then she can give form 15G
if net taxable income is up-to exemption limited i.e 2.5 lac, then she can give form 15G
Ashish Swar
(Querist)
12 June 2013
Thank You very much..
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