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FORM 15G

This query is : Resolved 
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(Querist)
19 August 2010 DEAR SIR

I AM RECEIVED AS INTEREST OF RS. 150000/- ON ADVANCES AND I ALSO RECEIVED AS SALARY INCOME RS. 72000 /- MY TOTAL INCOME IS RS. 222000/- AND I HAVE 80C DEDUCTIONS RS. 80000/- HENCE MY TAXABLE INCOME IS RS. 142000. MY QUERY IS I AM ISSUED FORM 15G TO MY DEBTOR FOR NO TDS DEDUCTION ON INTEREST
PLEASE TELL
THANKS IN ADVANCE
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
19 August 2010 • Form 15G is to be submitted for reciept of interest on fixed deposit without tds.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 August 2010 Since the interest income does not exceed the minimum amount which is not chargeable to income tax, there is no harm in issuing 15G.
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