15 G

Is Form 15 G exemption applicaple on TDS on rent ?

Thanks in advance

Manoj Kumar jha

panchovey @ yahoo.co.in

Replies (1)

No, you cannot issue for 15G for receiving rental income without TDS.

Rule 29C prescribes the payment for which 15G can be issued.

(2) The declaration* referred to in sub-rule (1) 37[or sub-rule (1A)] shall be furnished in duplicate to the person responsible for paying the “interest on securities” or dividend or interest other than “interest on securities” or, income in respect of units or, as the case may be, any amount referred to in clause (a) of sub-section (2) of section 80CCA.

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