Form 15G Uses


DISHA LUTHRA   21 October 2019

DISHA LUTHRA

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Is form 15G only used for no deduction of TDS u/s 194A ?

Bharat Bohra   21 October 2019

Bharat Bohra

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Yes that's correct...
if a person income is below exemption limit he gives form 15G to the person paying interest to him so that no TDS is deducted on interest..

avater

Kapadia Pravin   23 October 2019

Kapadia Pravin

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When you submit Form 15G or 15H to a bank or a tenant, they will not deduct TDS from the amount payable to you in the form of interest or rent, provided that the amount payable is below the tax threshold.
TDS under 194A and 194I


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