Assessee: Individual
Occupation : Medical professional
Is it possible to Give Form 15 G to the Bank and claim Nil deduction of TDS if the assessee already has a other income from profession which is taxable.
Subsequently when the income is received it is offered for taxation at the normal rates for an individual. The problem arises due to non receipt of certificate from the bank on the due dates of payment of advance tax thus assessee end up paying a little more amount of tax.
no its not possible to file 15G if total income is taxable.
It is not possible and if any person does it then he may be held resonsible and rules are very strict for this. Please refer section 197 of Income Tax Act, 1961 for more info.
For the FY.2008-09 which is the due date for filing the 15G to income tax department
Mr. Kaniselvam
Due date of filling of Form 15G or 15H for the F.Y. 2008-09 is on or before 07.04.2009
Surana, Chennai
9952967237
Thanks,
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