Abhay Sakaria ([Practicing C.A.] [C.S. Final]) (283 Points)
06 April 2014Hello Friends,
Its Urgent, please reply soon,
One of my client had given me the Form 15G against Interest on Loan. I want to know the due date for submission of Form 15G with IT Department.
krina
(student)
(1263 Points)
Replied 06 April 2014
Mr. Abhay due date is 10th of April to submit 15G with Bank ..
i hope your query is resloved;-);-);-)
Abhay Sakaria
([Practicing C.A.] [C.S. Final])
(283 Points)
Replied 06 April 2014
Actually I have paid interest on loan to the third party and the third party had given me Form 15G for non deduction of TDS.
So now my query is, what is the due date and procedure for submitting the Form 15G with Income Department?
krina
(student)
(1263 Points)
Replied 06 April 2014
I dont think that 15G can be given by an individual to another ..
I that case the person must apply for Lower Deduction of TDS under section 197 of IT Act ..
Gopinath R
(Consultant )
(32 Points)
Replied 26 May 2014
Dear Friends,
u can issue form 15G & 15H for Income from Interest on other than securities to avoid Tax deduction. Its an general provision once decleration is made the deductor just have to confirm that is total income is less than the limit chargeble to tax, than accept it
CAclubindia
