FORM 15G Submission

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rajat (Querist)
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22 December 2009 Sir

1-If i want to submit form 15G that TDS will not be detucted for the financial year 2010-2011 of which financial year my taxable income have to be nill?

2-What is the maximum amount of interest that can be exempted by submitting FORM15G in case of company fd?

3-Is it compulsory to quote PAN number on FORM15 G wef 01-04-2010 If yes then where i have to quote pan number on form 15 G.

Thanks in advance .

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 December 2009 3. From 01/04/2010 if PAN is not quoted TDS will be @ 20%. So ,as per my understanding, PAN may be quoted in clause 5 of form 15G.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 December 2009 yes. if you submit TDS will not apply. if TDS from bank FD its upto 10,000 & other than bank its upto 5,000 without tax. after taxable.
Pan is compulsory as per Chackrapani sir

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