I WANT TO ASK THAT WHETHER THE NEW NOTIFICATION OF CBDT ABOUT NO DEDUCTION OF TDS ON CERTAIN BANK INCOMES, IS APPLICABLE TO MY FRIEND , WHO GET THE COMMISSION FROM THE BANK ON PIGMY COLLECTION ,
AND IF IT IS APPLICABLE TO HIM THAN IS IT ENOUGH THAT HE IS SUBMIT THE FORM 15 G TO BANK ?
12 March 2013
The notification is for Bank income not for the individual income...your friend's commission is subject to TDS
Querist :
Anonymous
Querist :
Anonymous
(Querist)
13 March 2013
Thanks sir , but please tell me that his income is not more than basic exemption limit than can he file 15 g form for no deduction of tds and if yes than please tell the procedure of filling 15 g , whether it is required to get the certificate from AC?