if an adult person has no income from any source than what is the requirement of submitting form 15G when he is about to recieve the matured policy of Sahara Bonds in the current financial year of Rs 70000. and please suggest that how the Form 15g can be submitted
16 May 2014
If he has not taxable income then he can submit the form(15G) to the employer. And if he earned the interest in that FY and his income crosses the exempted rate then he cannot deposit that form.