Form 15 g or form 15 h to be submitted
This query is : Resolved
03 June 2017
Dear Sir,
I have got fixed deposit with Bajaj FinanceLtd..Since my interest income below taxable limits ,I submitted Form 15 G for Financial year 2017-18,since I am 59 + years now. I will be completing sixty years on 10/01/2018,the Bajaj Finance informed me to submit Form 15 H instead of Form 15 G. As per Income Tax Act ,section 197A(1C) an individual who is of the age of sixty years or more has to submit the Form 15 H.Please advise .
Thanks and regards,
P.J.RAO
I have got fixed deposit with Bajaj FinanceLtd..Since my interest income below taxable limits ,I submitted Form 15 G for Financial year 2017-18,since I am 59 + years now. I will be completing sixty years on 10/01/2018,the Bajaj Finance informed me to submit Form 15 H instead of Form 15 G. As per Income Tax Act ,section 197A(1C) an individual who is of the age of sixty years or more has to submit the Form 15 H.Please advise .
Thanks and regards,
P.J.RAO
CA Rashmi Gandhi
(Expert)
03 June 2017
You have to submit Form 15G
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