whether Trust can furnish 15G declaration for TDS on deposit with bank?
whether Trust can furnish 15G declaration for TDS on deposit with bank?
NO Trust can not furnish 15G for TDS deposit with bank.
It is for only Individual Person.
Form 15G can be given by an individual or a person (not being a company or firm). So a trust can give form 15G also.
Hi,
Trust can also furnish form no.15G.
hi
Trust can furnish form 15 G for non deduction of TDS.
because Basic Exemption Limit is applicable to Trust,AOP etc.
vaibhav
YES. PLEASE REFER SECTION 197A(1A). ANY PERSON EXCEPT A FIRM AND COMPANY CAN ISSUE FORM 15G.
CA. ANAND POTNIS
Sir , From f.y.2014-15 Banks are not acccepting Form 15G...For that we have to make application to our ITO for Certificate No.197A which we have to submit to bank alongwith Form.15G then only they wont deduct TDS>
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Arpan Bohra & Co
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