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Submission of 15g

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2013 My tax liability for the last 5 years has been hardly 3000/- to 4000/-.Tds deducted from interest income happens to be much higher so invariably i have to apply for tax refund every year.

Can i submit 15g in some of the investments to reduce tds deduction.Today my tds is 20000/- to 25000/-.
Would it be okay if allow tds upto 4000/- and submit 15g for the balance investments.

Pl advise
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
20 May 2013 Yes you can do so wherever it is permitted otherwise you can apply to the concern ITo for lower deduction of tax.

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