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Form 15 g or form 15 h to be submitted

This query is : Resolved 
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(Querist)
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
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
03 June 2017 You have to submit Form 15G
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