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(Querist)
02 October 2019 I got sum of RS.8300000/- from land acquisition by govt. I did the FD in nationalised bank. Bank is denying to accept 15g.. Please guide us
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2019 You are earning taxable income on this deposit so bank will not accept 15g.
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Rani Madgundi

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Rani Madgundi (Querist)
02 October 2019 What happen if anyhow I submitted the 15g
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2019 Bank will reject it.
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Rani Madgundi

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Rani Madgundi (Querist)
02 October 2019 Sir thank you for your response but the acquisition officer told that your money is totally tax free and I have submitted 15g mentioning it's my responsibility.
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CMA SIVAKUMAR A,ACMA.

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CMA SIVAKUMAR A,ACMA. (Expert)
03 October 2019 The version of Bank is correct.You will not give 15 G.It is against Tax laws

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