Form 15g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2015 Dear experts,
after deduction my tax liability is 1236 but after claiming the rebate u/s 87A the tax liability will be nil, plz tell me in this case can i deposit the form 15G to the bank

plz reply........

Amol S Joglekar

Amol S Joglekar (Expert)
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05 October 2015 Yes, you can very well submit for 15G / 15H as the case may be to the concerned bank

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 October 2015 If you have interest income above the exemption limit, 15G cannot be given to bank.
Inference - 1) section 197A(1B).
2) note 6 of form 15G.

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