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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?
Replies (4)
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
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 ?
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. '
Kindly send them section 197A which defines non deduction of TDS in certain cases. That'll clear out the air.
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