shankar banerjee (self employed) (162 Points)
14 April 2010An individual person has an annual income much below income exemption limit, say around Rs.45000/- comprising mainly interest income from bank FD
Does he required to have a PAN card.
Is he eligible to file Form 15H to the bank to get exemption from TDS on his interest earnings.
Please advice
Regards
Shankar Banerjee
Ankit
(CA)
(45 Points)
Replied 14 April 2010
as per
The following section 206AA shall be inserted after section 206A by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010 :
Requirement to furnish Permanent Account Number.
206AA.
(2) No declaration under sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A (for 15H &15 G)shall be valid unless the person furnishes his Permanent Account Number in such declaration.
Ankit
(CA)
(45 Points)
Replied 14 April 2010
as per
The following section 206AA shall be inserted after section 206A by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010 :
Requirement to furnish Permanent Account Number.
206AA.
(2) No declaration under sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A (for 15H &15 G)shall be valid unless the person furnishes his Permanent Account Number in such declaration.
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