Regarding 15g/h

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2015 Sir,

I gave unsecured loan to my Uncle who is operating business and giving Interest annually. Should my uncle issue a 15G form on giving interest. His business turnover is below then 1 crore but he is auditing by CA.

Gaurav Jain

Gaurav Jain (Expert)
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06 April 2015 15G/H can be issued to only banks ( Though budget, 2015 has added some more provisions, but it yet to be applicable)

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2015 Gaurav ji, you didn't understand my question, please read it again.
i asking about interest receiving on unsecured loan, not talking about bank's interest