Form 15 g and 15 h
Applicabilty of 15 G
Suppose a person Mr X is receiving following income
Interest from Mr Y (individual)150000
Interest from Z(FIRM ) 200000
Interest paid to Mr R 160000
Now the Taxable income is below Rs 250000.Will form 15 G can be used in this case
Replies (1)
As per the link, form 15G cannot be issued in this case since total interest income exceeds the exemption limit. https://www.charteredclub.com/tds-on-fixed-deposits/
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