NO TDS CERTIFICATE

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Nomula Sreenivasarao (Querist)
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13 March 2010 Please tell me difference between FORM NO.15 G/H AND FORM NO.13. I Think these 3 forms for NO TDS certificate related, please tell me the differences.

shakuntala chhangani

shakuntala chhangani (Expert)
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14 March 2010 Form no 15 G/H is required to be furnished for payment without TDS. where the recipient is a resident individual( for sec. 194 n 194EE) or other than co. or firm (for sec. 193 n 194A) if he submits a declaration in form 15H (if he is a senior citizen) or form 15G (in case of any other person)that his total income is not going to exceed the exempted limit, than no TDS is deductible.
the recipient can apply in form no. 13 to the AO to get a certificate authorising the payer to deduct tax at lower rate or deduct no tax as may be appropriate.
Regards, CA Shakuntala Chhangani

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