About 15g

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  1. Dharmeshv

    Dharmeshv New Member

    For example A has fixed deposit of RS.10 lac @ 10% .he earn int.of RS.l lac in fy 2015-16.he has no any other income.
    He is below 60 year
    Should he submit 15g?
    Upto how many amount of int.?
    Ans please
     
    Last edited: Apr 24, 2016
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    Yes.he shall submit form 15g,otherwise TDS @10% will be deducted.
    Because interest has exceeded RS.10000/-,which is a threshold limit for deduction of TDS.
    As u do not asked about the procedure for filing form 15g,i too do not explained.
    If u wan't i can.
     
    Dharmeshv likes this.
  3. Dharmeshv

    Dharmeshv New Member

     
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