12 April 2009
What happens if Form 15G is filed with Chief Commissioner of Income Tax after the due date due to valid reasons ? What is the time limit if the interest is already paid on 31/03/2009 without deducting TDS ?
12 April 2009
payer of the income is required to deliver to CIT one copy of 15G/H on or before 7th day of month, next following the month in which he receives the same penalty for the same is u/s 272A(2) which is Rs 100 for every day during which default continues...but shall not exceed amount of tax deductible...
CAclubindia
