Hello,
There is a house in my mother's name. We have made an agreement with a public limited company for a rent of 16500 p/m starting Mar'13.
The company wants to deduct TDS and make the remaining payment.
My mother doesn't have any other source of income and we want to avoid the TDS in the rent. I understand from google that Form 15G can be filed to avoid the tax.
Is there any consequence if my mother files the 15G. She does have other land in her name. Will there be any problem while selling those lands. My mother hasn't filed the tax returns all tthese years and now to avoid the TDS we want to file the form 15G now for the first time.
Also please let me know if i could file the 15G online.
Please advice.
Thanks,
Viswanath
CAclubindia
