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Form 15 g

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(Querist)
09 November 2011 Can Form 15 G be given to a company where a person is working under a contract and his total income does not exceed the threshold exemption limit? because unecessary that person will have to file a return and take refund.
As far as i have read the replies by expert it relates to bank interest.
Regards
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 November 2011 15G can not be used for the Contractual Income.

It can be used only for interest, dividend other than 115-O Dividend, interest on securities , deposits or loans, income from
Units etc.

He may obtained a certificate from ITO for lower Deduction or no Deduction as referred to in Section 197.
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mithun

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mithun (Expert)
09 November 2011 he may take a certificate from ITO regarding no deduction of tds as his income doesnot exceeds the threshold limit.
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Shubhangi

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Shubhangi (Querist)
10 November 2011 Thank you Sirs for your immediate response.
Regards
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