Easy Office

FORM 15H COMPULSORY FOR SENIOR CITIZEN

This query is : Resolved 

09 April 2021 SIR,
A senior citizen non it return filed person form 15 H submit to bank interest income below Rs:40,000/- form 15 H not required bank manager.
Question:
any limit above interest income form 15h not compulsory.

09 April 2021 Banks have to deduct TDS when your interest income is more than Rs.50,000 in a year , so when banks dont need to deduct TDS on your interest, question of 15H doesnt arise

09 April 2021 15 H is compulsory if the interest income exceeds Rs.50,000.

Inference :- section 194 A (3), third proviso.






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries