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Submission of Form 16G

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 May 2011 I am having Income from "House Property" on which TDS is deducted. Further I am having "Income from Other Sources (Bank Interest)" on which TDS is also deducted by the Bank. My Net Taxable Income remains below the Minimum Threshold limit of Income Tax i.e. No income Tax Payable comes every year. I get TDS Amount Refunded every year.

In the circumstances can I submit TDS Exemption Certificate "Form 16G" for Interest Income from Bank?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 May 2011 You are eligible to give
Form 15G in duplicate to the bank.
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