Submission of 15G form

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CA Final
35 Points Posted on 09 June 2020
Can a society submit 15G form to avoid deduction of tds u/s 194a?
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On 09 June 2020 at 11:38 Report
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This discussion clarifies that a society cannot submit Form 15G to avoid TDS under Section 194A, as this form is exclusively for individuals and HUFs. It also addresses whether an individual with interest income above ₹40,000 but below the tax exemption limit can submit Form 15G. The consensus is yes, they can submit Form 15G to prevent TDS on their interest earnings.

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2 Points Posted on 09 June 2020
No. 15G is for individual and Huf not for society.
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On 09 June 2020 at 20:15
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14 Points Posted on 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 ?
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On 09 April 2021 at 16:40
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CA Final
35 Points Posted on 16 November 2021

Yes u can submit the form 15G to avoid the TDS on interest amount.

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On 16 November 2021 at 17:51

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