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Procedure of (TDS) form 15h/15g

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2010 respected Sir

CAN YOU PLEASE GUID ME REGARDING PROCEDURE TO BE FOLLEWED AFTER RECEIVING FORM NO. 15H/15G FROM THE PAYEE FOR NON DEDUCTION OF TDS( IN THE CASE OF BANK RECEVING 15H/15G FROM DEPOSITE HOLDER). DOES BANK REQUIRED TO SUBMITT THE FORM WITH I.T. OFFICE WITHIN 7 DAYS OF NEXT MONTH..?
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
22 May 2010 There is no need to submit the Form 15H/15G with the IT Department. It is the record to be kept by the bank for non-deduction of TDS. In case of scrutiny by the IT dept, it will be required at that point of time.
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