FORM 15G

This query is : Resolved

rajesh (Querist)
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19 August 2010 DEAR SIR

I AM RECEIVED AS INTEREST OF RS. 150000/- ON ADVANCES AND I ALSO RECEIVED AS SALARY INCOME RS. 72000 /- MY TOTAL INCOME IS RS. 222000/- AND I HAVE 80C DEDUCTIONS RS. 80000/- HENCE MY TAXABLE INCOME IS RS. 142000. MY QUERY IS I AM ISSUED FORM 15G TO MY DEBTOR FOR NO TDS DEDUCTION ON INTEREST
PLEASE TELL
THANKS IN ADVANCE

CA Sanat Pyne

CA Sanat Pyne (Expert)
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19 August 2010 • Form 15G is to be submitted for reciept of interest on fixed deposit without tds.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 August 2010 Since the interest income does not exceed the minimum amount which is not chargeable to income tax, there is no harm in issuing 15G.

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