Good noon
If the payment is made to minor under sec 194A and such minor has filed Fom 15G with the PAN of his parents ,then such form 15G is valid or the deductor has to deduct tds??If to deduct tax then by which rate 10% or 20%
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TDS On minor
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As per section 197A, the person paying the interest other than interest on securities to an individual is not required to deduct tax from the interest, if such individual issues a declaration in Form No. 15G. Form No. 15G can be accepted only if the amount of interest for the year does not exceed the exemption limit.
Here you have to deal with PAN of the parent for all purpose.
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