05 April 2017
SIR, If an individual has interest income of Rs. 1,05,000 from bank F.D.s (- all from the same bank) , but his total income is not going above the exemption limit, then can he submit form 15G/H ?
And if no, then..... what if he submits the form 15 G/H , filling all true details and amount of 1,05,000 in it ?
Is it ok or not ? As per rules and acts ?
Expert :
Anonymous
Expert :
Anonymous
(Expert)
06 April 2017
Form 15H or 15G should be given to bank only if the individual income doesn't exceed taxable limit.