29 June 2009
Form 15G not sent to CIT but produced before AO during assessment proceedings. AO propose to disallow interest paid on such loan. Whether he is correct.
30 June 2009
As per law,form 15G/H should be filed with department.You will have to give reason for non filing of these forms and if he will not satisfy with the explanations, he can disallow it.
CAclubindia
