FORM 15G/15H

CA Venkata Koteswararao Mogali (job) (45 Points)

27 January 2021  

I have taken a loan form an individual. I am paying interest of Rs 20,000 every month. I want to do TDS. But the person taken loan is giving me FORM 15g/h and asking not to deduct TDS on interest as his total income is less than basic exemption limit. Can i accept form 15g/h and not do TDS?