10 March 2012
I want to ask is Form 15g applicable for individuals below 60 yrs of age??
Also is this form applicable only in case when bank is deductor? Or could be used for non banking deductors?
And how to fill the form? What are the procedures from starting to end for ex. how many copies, how to fill? who should submit forms, in case of online filing is there any proof to be attached by the deductee when he sends the acknowledgement by post?
Also total income should be less than taxable limit, then total income means NET(after deductions) or Gross????
I want that no TDS should be deducted on interest income earned by my mother for F.Y.11-12 (a.y. 12-13)
10 March 2012
15G shall be applicable to assessee < 60 years of age only for interest income from any body.. provided he shall not have taxable income exceeding basic exemption..
CAclubindia
