Form No. 15G/ 15H

No.

we do not have to verify it. but hte person receiving it has to intimate the ITO U/s 197(1)A about the form 15G/H received by him during the Financial year. 

thx..

Is there any limit of income from interest for submission of Form 15G/15H?
 

Dear Sir ,

Kindly arrange to send me the form no. 15 G / 15 H

thanks & regards,

Rajendra

I wish to know whether one can issue form 15G if ones income is above the taxable limit but such person is not liable to tax after claiming 80C deductions.

Yes, 15G/15H can be issued. We have to see three things as per provisions of Sec.197A. Viz. 1) Who is recipient? In case of Sec.193, 194A and 194K, recipient should be other than company or firm and for Sec.194 and 194EE, recipient should be resident individual only, 2) what is tax on total income of the previous year? It should be Nil and 3) How much is total of income covered by sections 193, 194, 194A, 194EE and 194K? It should not exceed the maximum amount not chargeable to tax i.e. Exemption limit. Form 15G/15H does not require any validation from AO or any other person.

Thanks

i need 15 g and 15 h form for issue to the bank