Form 15g
This query is : Resolved
05 December 2011
A person has submitted form 15G,estimating that his total income is below taxable limit,and at the end of the year his taxable income exceeds 1,60,000.
He paid tax on his income.
In this case is there any contradiction with 15G submission ?
He paid tax on his income.
In this case is there any contradiction with 15G submission ?
Guest
Guest
(Expert)
06 December 2011
06th December, 2011
Form 15G is filed based on an estimation of Total Income. Actual income for the financial year may exceed the taxable limit for which the assessee has filed his Annual Return and paid tax thereon.
There is no contravention of law.
Form 15G is filed based on an estimation of Total Income. Actual income for the financial year may exceed the taxable limit for which the assessee has filed his Annual Return and paid tax thereon.
There is no contravention of law.
Message likes :
2 times
17 March 2012
No problem if tax has been paid
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
