Form 15g and form 15h
This query is : Resolved
Rakesh Jain
(Querist)
20 April 2013
One of my friend asked me this
"As a banker, I am facing an embrassment, to receive Form 15G, from those whose salaried incomes are of range of Rs.5 lacs and above. What can I do in such situations?
Further, A senior citizen of age 80 years submitted form 15H for a deposit favouring jointly with his wife, himself and his daughter in the same order payable to any one or survivor. Can I accept from him on behalf of his wife.
Some are not submitting in duplicate to enable me to send one copy to the IT dept."
Kindly advise me.
"As a banker, I am facing an embrassment, to receive Form 15G, from those whose salaried incomes are of range of Rs.5 lacs and above. What can I do in such situations?
Further, A senior citizen of age 80 years submitted form 15H for a deposit favouring jointly with his wife, himself and his daughter in the same order payable to any one or survivor. Can I accept from him on behalf of his wife.
Some are not submitting in duplicate to enable me to send one copy to the IT dept."
Kindly advise me.
04 June 2013
You can refuse 15G in case the salary is above 5 L and you can take 15 H but the same should be signed by all the joint depositors with their PAN No. Generally if the First Nameed person gives the declaration even then it is valid.
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