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Form 15G

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(Querist)
29 June 2009 Form 15G not sent to CIT but produced before AO during assessment proceedings. AO propose to disallow interest paid on such loan. Whether he is correct.
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
30 June 2009 As per law,form 15G/H should be filed with department.You will have to give reason for non filing of these forms and if he will not satisfy with the explanations, he can disallow it.
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