Form 15g
This query is : Resolved
21 April 2016
SIR IF I FILL FORM 15G IN BANK FOR TDS EXEMPTION BUT AT THE TIME OF ITR FILING MY INCOME IS TAXABLE WHAT I SHOULD TO DO PLEADE GUIDE.
21 April 2016
Normal if you are liable to tax and your income exceed the table limit you should not give Form-15G where you declare that income is less than taxable limit for non deduction of tax, before giving Form 15G, you should assess your income than give declaration.
If your income exceed taxable limit declare all income and pay Tax liability
If your income exceed taxable limit declare all income and pay Tax liability
21 April 2016
False declaration may lead to the initiation of prosecution proceedings. Pl see section 277 of IT Act,1961.
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