Can a society submit 15G form to avoid deduction of tds u/s 194a?
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Quick Summary
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.
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 ?