Submission of 15g

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2013 My tax liability for the last 5 years has been hardly 3000/- to 4000/-.Tds deducted from interest income happens to be much higher so invariably i have to apply for tax refund every year.

Can i submit 15g in some of the investments to reduce tds deduction.Today my tds is 20000/- to 25000/-.
Would it be okay if allow tds upto 4000/- and submit 15g for the balance investments.

Pl advise

20 May 2013 Yes you can do so wherever it is permitted otherwise you can apply to the concern ITo for lower deduction of tax.


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