24 January 2017
All, I want to know filing of declaration of form 15G/15H
In our case we have received from 15G /15H from few lenders at the start of the year for non deduction of TDS. We are paying interest to them on quarterly basis at the end of each quarter. How to file these declaration - only once or in each quarter. How the amount of income paid to be disclosed in each case.
24 January 2017
Forms 15G and 15H to save TDS on Interest Income. Form 15H is for senior citizens, those who are 60 years or older; while Form 15G is for individual or HUF. Form 15G and Form 15H are valid for one financial year. So you have to submit these forms every year if you are eligible. Submitting them as soon as the financial year starts will ensure the bank does not deduct any TDS on your interest income.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 January 2017
I want to know, how to fill up the details in case of online filing of declaration of 15G/15H, as interest payout is quarterly basis. Is filing required in each quarter
CAclubindia
