Tuesday, February 7, 2023

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Form 15g

You can submit Form 15G/Form 15H even if your gross interest income exceeds your apparent tax-exempt slab, provided

Many banks interpret the term ‘total income’ concerning declaration in 15G/H, as any non-professional would and not as expected of them under the IT Act and due to lack of proper understanding, many times reject an otherwise in order Form 15G or 15H.

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