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SUBMISSION OF FORM 15G & 15H

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Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2010 Thanks a lot for your quick reply. But one more querry is that then what's provision for submission of these forms which are not submitted within the time limit or there is no use of submission of such forms?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 August 2010 If the forms are not submitted in time or not, the deductor's expenses will not be allowed in assessment, and he will also be penalised for non deduction of tax. The legislature might have thought the above penalisation is enough and that may be the reason, as per my understanding,among others, for the absence of a penal provision for non submission or belated submission of the forms to the CCIT or CIT.

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