15g regarding

I HAVE INTEREST INCOME OF RS. 4 LAKH FROM LOAN GIVEN BY ME TO X PARTY OUT OF THE LOAN ACCEPTED FROM THE Y PARTY AND RESPECTIVELY I PAY THE INTEREST TO Y PARTY OF RS. 3 LAKH CAN I AM ELIGIBLE FOR GIVEING THE FORM 15G FOR NON DEDUCTION OF TAX TO X PARTY PLEASE GIVE THE ANSWER IN DETAIL WITH SECTION AND INTERPERTATION IF ANY AND CASE LAW IF ANY DECIDED IN THIS RESPECTIVE CASE   

Replies (1)
if you dont have income from any other source other than this intt income then you can submit 15g and claim non deduction of tds as your income is below taxable limit.

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