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15-G & 15-H

Tax queries 468 views 1 replies

CA Parag Jani

BCom CA DISA Forensic Auditor

288 Points Joined August 2007

Friends. I have following doubts about form no. 15-G and 15-H. Kindly solve.

1. Only individual tax-payers can submit these forms or non-individuals can also go for it like AOPs or BOIs?

2. These forms can be used to avail non-deduction of TDS in cases where its regarding any interest payments or it can be used for other sorts of payment too?

3. We have to submit it into two copies to the deductor. Am i correct in that?

4. If we receive any of these forms then do we have to forward any copy of it to any ITOs? I am not sure about this.

Kindly reply.

Thanks & regards

Parag

Replies (1)

PiyushAgrawal

Chartered acooutant in practice

575 Points Joined September 2008

In my opinion only indiviual and HUF can issue them. They are use for Non deduction of Tax on interest income, there is no need to submit these form to IT dep. we have to submit two copies to deductor.

If i am wrong plz make me correct.

Thanks in advance.