Hello,
My query is, if we receive interest income from bank & to avoid deduction of tax from such income we submit form 15G/H, but if we are receiving such income from other person then is there such facility available (like form 15g/h).
Menu
TDS on Interest income
Replies (3)
You have to submit 15G/H to that particular person if your total income is below the taxable limit.
Thanks for your response.
So it means form 15g/h is not restricted to bank only, right?
So it means form 15g/h is not restricted to bank only, right?
I think Form 15G / 15H covers all types of interest (other then interest on security).
As no where law says Forms are applicable only for Bank interest. Read section 197A and applicable rule for more details.
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
