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FORM 15G

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(Querist)
02 September 2009 What if I submit Form 15G to bank just to avoid TDS? I am showing the interest amount in my ITR & paying tax on it.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
02 September 2009 you are not supposed to submit false form no 15G ....its a case of false declaration to IT department
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Ratan Sharma

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Ratan Sharma (Expert)
02 September 2009 subject to penalty & prosecutions.
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Deepak Goel

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Deepak Goel (Expert)
02 September 2009 Departmetn can impose penalty & also can prosecution

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