Form 15 g
This query is : Resolved
09 November 2011
Can Form 15 G be given to a company where a person is working under a contract and his total income does not exceed the threshold exemption limit? because unecessary that person will have to file a return and take refund.
As far as i have read the replies by expert it relates to bank interest.
Regards
As far as i have read the replies by expert it relates to bank interest.
Regards
CA PARAS BAFNA
(Expert)
09 November 2011
15G can not be used for the Contractual Income.
It can be used only for interest, dividend other than 115-O Dividend, interest on securities , deposits or loans, income from
Units etc.
He may obtained a certificate from ITO for lower Deduction or no Deduction as referred to in Section 197.
It can be used only for interest, dividend other than 115-O Dividend, interest on securities , deposits or loans, income from
Units etc.
He may obtained a certificate from ITO for lower Deduction or no Deduction as referred to in Section 197.
09 November 2011
he may take a certificate from ITO regarding no deduction of tds as his income doesnot exceeds the threshold limit.
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