What if I have submitted a form 15G for not deducting my TDS and at the time of calculation of my total income after the end of the financial year it is found that it exceeds the taxable income and I am liable to pay income tax.
Menu
income above taxable income & form 15g
Replies (1)
HI karan
There are no consequences if at the time of self assessment u r liable to tax just u have 2 pay the income tax due
But remember in the next year u should not submit the 15G form.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
