Form 15G and Tds under section 194H
CA ANKUSH DUBEY (15 Points)
17 April 2021
can a person furnish form 15G for commission income taxable under section 194H
2 Replies
prasad Nilugal
(3924 Points)
Replied 17 April 2021
No , one can not furnish 15G for commission income under section 194H , please refer section 197A (1A) of the income tax act 1961.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 April 2021
No, 15G cannot be furnished for commission income as per IT ACT. 15G is declared for non deduction of TDS for interest income from bank
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