Form 15g issue

These forms can be used only for payments in the nature of Interest of Securities, Dividend, Interest other than Interest on Securities (Bank/Company Deposits) , NSS Interest on Units. For other types of payments, these forms cannot be used.

 

Agreed that these forms can be only issued for interest on loan ,advance, debentures , bonds or say Interest income other then interest on bank exceeds 5000/-and that person is below the taxable limit.

Agreed with Ganesh and Abhishek.

for commission you can file form 13 and get a certificate of lower/nil deduction under section 197 of the IT ACT.

IT IS APPLICABLE ONLY TO INTEREST PAYMENTS.FOR YOUR QUERY OF COMMISSION, PRODUCE EXEMPTION CERTIFICATE FROM A.O

I am working a Real estate com as account dep. I issue to amount of Assured return for parties. Its very helpful statement for me because one party tole me his total income is cross annual 2 lacs can i have submit 15G. It very clearfy me

Thanks

Vijay Nirvan