Form 15g / h

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Nishant M. Wagh (Querist)

21 January 2015 1) If interest on fixed deposit received by assessee on quarterly basis, whether Form 15G / H to be submitted on quarterly basis ?

2)While filing quarterly return, whether interest paid to assesee to be declared on quarterly basis ?

3)After submitting Form 15G / H, if more amount deposited by assessee, whether revised Form to be submitted for declaring amount of fixed deposit and interest ?

4)In case of senior citizen not having PAN, whether Form 15H can be submitted without quoting PAN ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

21 January 2015 1. no its always on yearly basis given anywhere between 20th march to 20 april as per deductor's policy

2.itr is filed only once so no question of quarterly return.

3.then will be penalised.

4.refer this section for more details for non pan availability
https://www.charteredclub.com/form-60-61/

Nishant M. Wagh

Nishant M. Wagh (Querist)

21 January 2015 Thank you for your reply...

1) in relation to Point no.2 (above) -
in view of Person (Corporate) who is receiving fixed deposit and giving interest to depositor, whether 'he' should declare amount of deposit received and interest paid to depositor in 'form 26Q' while filing quarterly return ?

2)Please guide if 'Form' submit in advance, before receiving income or vice versa ? Both in case of deductor and assessee ?

Nishant M. Wagh

Nishant M. Wagh (Querist)

23 January 2015 Thank you for your reply...

1) in relation to Point no.2 (above) -
in view of Person (Corporate) who is receiving fixed deposit and giving interest to depositor, whether 'he' should declare amount of deposit received and interest paid to depositor in 'form 26Q' while filing quarterly return ?

2)Please guide if 'Form' submit in advance, before receiving income or vice versa ? Both in case of deductor and assessee ?

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