Can i submit form 15h ??

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2012 Hi

I am Seniors Citizen of 63 years

Can I submit Form 15H in the Bank for Non Deduction of TDS on Interest on FD if

1) I have paid tax in the previous year i.e. FY-2010-12 (AY 2011-12)

2) I am not certain if in this year I will be required to pay Tax

3) What if I submit Form 15H & then at the end of the year my income will be taxable

Kindly help

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

01 April 2012 FOR THE PURPOSES OF 15H U ARE NOT A SENIOR CITIZEN. FOR THAT PURPOSE AGE LIMIT IS 65 YEARS. FROM 1-7-2012 IT IS PROPOSED THAT THIS LIMIT BE 60 YEARS. IF THAT BECOMES THE LAW THEN NEXT YEAR U WILL BE ABLE TO GIVE 15H. I.E. IN FY 2012-13
CA MANOJ GUPTA
JODHPUR
09828510543