Form 15G Uses
DISHA LUTHRA (2 Points)
21 October 2019
Is form 15G only used for no deduction of TDS u/s 194A ?
4 Replies
Bharat Bohra
(306 Points)
Replied 21 October 2019
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..
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..
Kapadia Pravin
(17264 Points)
Replied 23 October 2019
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
TDS under 194A and 194I
Vishal Daithankar
(14 Points)
Replied 09 April 2021
Dear Experts,
I have not filed any ITR but my interest amount is above 40,000/- from FD but my total income is less than exemption limit of tax, can I submit form 15G if No then Why ?
I have not filed any ITR but my interest amount is above 40,000/- from FD but my total income is less than exemption limit of tax, can I submit form 15G if No then Why ?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 09 April 2021
| Originally posted by : DISHA LUTHRA | ||
 |
Is form 15G only used for no deduction of TDS u/s 194A ? |  |
I think 15G/H can be submitted in respect of following incomes:
1) Interest on securities – 193
2) Dividend – 194
3) Interest other than interest on securities – 194A
4) National savings scheme – 194EE
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