15g or tds

This query is : Resolved 

20 March 2013 Sir,

x pays interest to y . y was went to usa
2 years back. x is audit case. since 4 years. x pays interest to y Rs.25000/-. y is ready to give 15G .

is he eligible to give 15G OR NOT, BECAUSE HE IS NRI. OTHER WISE X SHOULD DO TDS

21 March 2013 NRI are not eligible to file form 15G.

22 July 2013 Yes you have to deduct TDS and deposit it accordingly.




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