28 June 2010
One of my friend has been deducted TDS u/s 194H even though his income is less than taxable income. If he files Form 15G with the company then the company cannot deduct TDS. Am i right? Thank you.
29 June 2010
Form 15G is deposited with bank as a declaration not to deduct TDS u/s 194A. But for non deduction of TDS u/s 194H you need to apply to Assessing Officer as per Section 197. In this you have to prove him that you income will not exceed maximum exemption limit.