28 May 2009
No way Anand,But in cases who escape TDS in this way with some condition: You should know that only a person of 65 years or more is eligible to file Form 15 H . So, your father is not eligible to file form 15H . A person who is below 65 years can file the Form 15 G . But there is major difference between 15G and 15 H.
15 G can not be filed by any person who gets AGGREGATE income from Dividend or Interest or Interest other than Interest on securities or on Securities or withdrawl or surrender value of pension plan of insurance for which deduction u/s 80CCA was availed ,
exceeds Rs 100000 (maximum exempt) or
tax on estimated total income including the those income for which 15G is submitted of the is NOT nil.
This means , that anybody whose tax on estimated income is not NIL or having income from interest or surrender value of pension plan above Rs 1,00,000 can not file DECLARATION u/s 15G .This is clear from the point 3 & 4 of the of From 15 G .
However, if you are eligible and also fulfill the condition , the payer can not deduct the tax even if it is above 20000.
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