Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Form No. 15G/ 15H

Sunali (Learner) (1317 Points)

17 September 2008

Do we need to get form no. 15G/15H validated from any Income Tax official before submitting it for the respective purpose..?

Reply
Follow
Share

11 Replies

S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 17 September 2008

No.

Upgrade to CAclubindia Pro. Subscribe Now!

Piyush Jain (CA) (283 Points)
Replied 17 September 2008

Originally posted by :S.Srinivasaraghavan
"

we do not have to verify it. but hte person receiving it has to intimate the ITO U/s 197(1)A about the form 15G/H received by him during the Financial year.

ajay kumar baid (c.a) (20 Points)
Replied 18 September 2008

Originally posted by :Sunali
"	Do we need to get form no. 15G/15H validated from any Income Tax official before submitting it for the respective purpose..?	"

Sunali (Learner) (1317 Points)
Replied 20 September 2008

thx..

(Guest)

Originally posted by :Sunali
"	Do we need to get form no. 15G/15H validated from any Income Tax official before submitting it for the respective purpose..?	"

Is there any limit of income from interest for submission of Form 15G/15H?

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

Dear Sir ,

Kindly arrange to send me the form no. 15 G / 15 H

thanks & regards,

Rajendra

shrinidhi (final ca student) (30 Points)
Replied 18 February 2009

Originally posted by :Guest
"		"

I wish to know whether one can issue form 15G if ones income is above the taxable limit but such person is not liable to tax after claiming 80C deductions.

CA. Ashok shah (CHARTERED ACCOUNTANT) (333 Points)
Replied 18 February 2009

Yes, 15G/15H can be issued. We have to see three things as per provisions of Sec.197A. Viz. 1) Who is recipient? In case of Sec.193, 194A and 194K, recipient should be other than company or firm and for Sec.194 and 194EE, recipient should be resident individual only, 2) what is tax on total income of the previous year? It should be Nil and 3) How much is total of income covered by sections 193, 194, 194A, 194EE and 194K? It should not exceed the maximum amount not chargeable to tax i.e. Exemption limit. Form 15G/15H does not require any validation from AO or any other person.

manisha (part time teaching and in practice) (210 Points)
Replied 19 February 2009

Thanks

SANDEEP AGARWAL (ARTICLE) (24 Points)
Replied 23 March 2010

pls tell me the procedure for filing Form-15G/15H with the I.T deptt. for the year ending 31st March 2010, when shuld d deductee submit the form with the deductor nd what procedure is required 2b followed by d deductor on receipt of the Form-15G/15H Pls help (sandeep_gargslg @ yahoo.co.in)