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Mukesh J Ladia (Officer)     24 June 2021

15G by HUF Assessee

15G for exemption for TDS on dividend income by HUF category is slow or not ? As 2-3 companies have rejected by replying that it is only for Individuals not for HUF.., so what is actual rule by Income-tax laws?


 4 Replies

Karan Prajapati

Karan Prajapati   25 June 2021

Any person other than a company and a partnership firm can submit form No. 15G.So even an HUF can submit form No. 15 G
Mukesh J Ladia

Mukesh J Ladia (Officer)     25 June 2021

Thanks for reply,

But 2-3 companies had rejected my 15G for HUF and replied that HUF cannot submit 15G for TDS exemption of dividend payment and they have already deducted TDS on dividend even though total amount of dividend is less than Rs.5000/-.

Now how I have to treat with this companies ?

Mukesh J Ladia

Mukesh J Ladia (Officer)     30 June 2021

I Received reply regarding this query from kfintech of Karvy as under - 

'We would like to inform you that in the governing section, only resident individuals are eligible to submit form 15G and therefore the request of HUFs are being rejected. '

Karan Prajapati

Karan Prajapati   30 June 2021

Kindly send them section 197A which defines non deduction of TDS in certain cases. That'll clear out the air.

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