FORM 15G FOR NIDHI COMPANIES
This query is : Resolved
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AUDITORS EDAPPAL
(Querist)
02 November 2022
Can we use Form 15G for interest on FD deposited in a Nidhi company
CA R SEETHARAMAN
(Expert)
02 November 2022
Yes, it can be used..
Dhirajlal Rambhia
(Expert)
02 November 2022
Form 15G is a declaration under sub-sections (1) and (1A) of section 197A of the Income Tax Act of 1961, to be made by an individual (not being a company or firm) claiming certain receipts without the deduction of tax.
It can be submitted by Resident individuals below the age of 60 years or by a Hindu Undivided Family (HUF), but companies are not eligible for form 15G.
It can be submitted by Resident individuals below the age of 60 years or by a Hindu Undivided Family (HUF), but companies are not eligible for form 15G.
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