24 March 2019
STATUS - HUF FOR F Y 2018-19 OUR HUF'S INTEREST INCOME RS. 390000/- AND NO ANY OTHER INCOME. I INVESTED RS. 150000/- IN PPF ACCOUNT. AFTER DEDUCTION U/S 80C TAX PAYABLE NIL. CAN I GIVEN FORM 15G TO MY DEPOSITORS FOR NO TDS ? IF I GIVEN FORM 15G TO DEPOSITOR THEN WHICH ACTION TAKEN BY I T DEPARTMENT ON ME I.E. PENALTY IN WHICH SECTION. PLS GUIDE ME IN DETAILED.
24 March 2019
HUF can submit form No. 15G. Only the individual or HUF, whose tax on the estimated income for the year is nil and the amount of interest income from all the sources does not exceed the minimum exemption limit, can submit this form.
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