Form 15G
This query is : Resolved
Krishna Murthy
(Querist)
26 March 2010
Sir,
As per 197A tax shall not be deducted at source on the payments mentioned therein made to the person who furnishes form 15G that the tax on estimated total income for the previous year is nil.
My question is if a person submits form 15G on 01/04/2010, does tht declaration pertains to A.Y. 2010-11 or A.Y. 2011-12. The section says estimated income, so in my view the declaration pertains to A.Y. 2011-12. Am I right?
As per 197A tax shall not be deducted at source on the payments mentioned therein made to the person who furnishes form 15G that the tax on estimated total income for the previous year is nil.
My question is if a person submits form 15G on 01/04/2010, does tht declaration pertains to A.Y. 2010-11 or A.Y. 2011-12. The section says estimated income, so in my view the declaration pertains to A.Y. 2011-12. Am I right?
Aditya Maheshwari
(Expert)
26 March 2010
In the format of form 15G it is mentioned that
"for the previous year ending on 31/03/2010 relevant to the assessment year 2010-11"
So it will depend what assessment year you have put
"for the previous year ending on 31/03/2010 relevant to the assessment year 2010-11"
So it will depend what assessment year you have put
CA Ashok Kumar Sahu
(Expert)
26 March 2010
agree with expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Gift to nri relatives resides in usa
- IMS (import of goods) ITC related
- Applicability of tax on invoice
- LLP audit and disclosure
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
