Can Form 15G/15H be submitted for Professional Fees

Share
Share This Thread
  1. PRONOY KUMAR GHOSH

    PRONOY KUMAR GHOSH New Member

    If the total amount of professional fees expected to be received in a financial year falls within the limit of taxable income, is it possible to submit From 15G/15H t avert deduction of Tax at source?
     
  2. Karan Batra

    Karan Batra Well-Known Member

    No, Form 15G cannot be submitted for Nil/Lower Deduction of TDS on Professional Fees
     
  3. Karan Batra

    Karan Batra Well-Known Member

  4. PRONOY KUMAR GHOSH

    PRONOY KUMAR GHOSH New Member

    Thanks for the reply. I can see that theoretically it would be possible to get an exemption from TDS, but the procedure mentioned for the same , I am sure, would be more tedious than facing a TDS deduction and getting back the amount on submitting the IT return ! To get a a certificate from the Income Tax officer for non deduction of TDS itself would be nothing short of a miracle. I wish the government becomes more pragmatic while framinf such clauses, where the intent is good bu the remedy suggested is even more complicated than the process that was being simplified.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
15G/15H FORMS SUBMISSION Income Tax Mar 16, 2014
What is Multi national corporation ? Why is it formed ? Income Tax Wednesday at 10:32 PM
FORM 26AS:STATUS OF BOOKING "F" Income Tax Nov 6, 2017
itr form Income Tax Oct 25, 2017
15 H FORM SUBMISSION Income Tax Sep 8, 2017