Tax exemption to agriculturists.
This query is : Resolved
17 June 2015
Sir/Madam,
Can anyone give clarifications on the following CASE:
I am a Bank branch manager. A farmer approached me in April month and informed that this year he has good harvest and wanted to deposit two lakh rupees for his daughter marriage which will be done in three or four years. Except 4 acres dry Agricultural land and a small tiled house he has no other property.
I asked him whether he is having PAN? He said no. He is an illiterate and don't have any age proof certificates. So I took Form 61 and accepted the deposit for two years. I asked him to produce PAN before quarter end, but he has not applied for PAN till date. When I asked the farmer about PAN he informed me that, as the AADHAAR that he has having no date of birth on that, he approached the revenue officials for date of birth certificate, they demanded thousands of rupees for issuing a certificate. So for want of thousands of rupees of money for a certificate he is thinking of cancelling the deposit at the Bank.
Is there any alternative to the poor farmers in this country to get exemption for paying tax on interest exceeding Rs.10,000/- on Bank term deposits without PAN/15G/15H?
M.VENKATESWARA RAO
Sir/Madam,
Can anyone give clarifications on the following CASE:
I am a Bank branch manager. A farmer approached me in April month and informed that this year he has good harvest and wanted to deposit two lakh rupees for his daughter marriage which will be done in three or four years. Except 4 acres dry Agricultural land and a small tiled house he has no other property.
I asked him whether he is having PAN? He said no. He is an illiterate and don't have any age proof certificates. So I took Form 61 and accepted the deposit for two years. I asked him to produce PAN before quarter end, but he has not applied for PAN till date. When I asked the farmer about PAN he informed me that, as the AADHAAR that he has having no date of birth on that, he approached the revenue officials for date of birth certificate, they demanded thousands of rupees for issuing a certificate. So for want of thousands of rupees of money for a certificate he is thinking of cancelling the deposit at the Bank.
Is there any alternative to the poor farmers in this country to get exemption for paying tax on interest exceeding Rs.10,000/- on Bank term deposits without PAN/15G/15H?
M.VENKATESWARA RAO
17 June 2015
he can apply for PAN card by using l. Affidavit sworn before a magistrate stating the date of birth.
aadhar card can be used for ID and address proof.
aadhar card can be used for ID and address proof.
Message likes :
1 times
17 June 2015
you should also refer to this link
https://pancard.org.in/affidavit-for-date-of-birth-for-pan-card/
https://pancard.org.in/format-for-affidavit-for-birth-date/
https://pancard.org.in/affidavit-for-date-of-birth-for-pan-card/
https://pancard.org.in/format-for-affidavit-for-birth-date/
17 June 2015
you should also refer to this link
https://pancard.org.in/affidavit-for-date-of-birth-for-pan-card/
https://pancard.org.in/format-for-affidavit-for-birth-date/
https://pancard.org.in/affidavit-for-date-of-birth-for-pan-card/
https://pancard.org.in/format-for-affidavit-for-birth-date/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
