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About 15g form

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(Querist)
06 March 2012 my client has a business, not under audit.
is it neccessary to collect 15G form from sarafi creditors, if paid interest above monetary limit.
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Prakash Kochar

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Prakash Kochar (Expert)
11 March 2012 Assessee not liable to deduct tax out of interest under the prov. of I Tax Act, need not collect F15G.

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