Sec 197A Rule 29C

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CA K K Mundra (Querist)
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12 April 2009 What happens if Form 15G is filed with Chief Commissioner of Income Tax after the due date due to valid reasons ? What is the time limit if the interest is already paid on 31/03/2009 without deducting TDS ?

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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12 April 2009 payer of the income is required to deliver to CIT one copy of 15G/H on or before 7th day of month, next following the month in which he receives the same
penalty for the same is u/s 272A(2) which is Rs 100 for every day during which default continues...but shall not exceed amount of tax deductible...

CA K K Mundra

CA K K Mundra (Querist)
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13 April 2009 Thanks Devanshi for your reply. YOu seem to be having a fairly good idea about I Tax. Keep it up.

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