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MOTILE OSWALD MUTUAL FUND PAN NO20202021F.YINCOMETAX RULES, 1962 1FORM NO. 15G [See section 197A(1), 197A(1A) and rule 29C] Declaration under section 197A(1) and section 197A(1A) to be made by an
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How to fill out 15g formcdr - motilal

01
To fill out Form 15G, follow these steps:
02
Download the Form 15G from the official website of the Income Tax Department or obtain a physical copy from the nearest Income Tax office.
03
Fill out the personal details section, including your name, PAN (Permanent Account Number), address, contact details, and date of birth.
04
Provide details of the financial institution or bank where you have the fixed deposit or recurring deposit account.
05
Mention the financial year for which the declaration is being made.
06
Fill in the details of the previous year's assessment, including the total income, taxable income, and tax computed.
07
Declare the estimated income for the current year from which tax has not been deducted.
08
Sign and date the form before submitting it to the bank or financial institution where the deposit is held.
09
Note: Ensure that all the information provided is accurate and complete. Also, keep a copy of the filled form for your records.

Who needs 15g formcdr - motilal?

01
Form 15G is primarily required by individuals who meet the following criteria:
02
Resident individuals who are below the age of 60 years.
03
The total income for the respective financial year must be below the taxable limit.
04
Tax on the total income should be nil after considering exemptions and deductions.
05
By submitting Form 15G, individuals can inform the bank or financial institution not to deduct any tax at source from the interest earned on their fixed deposit or recurring deposit account.
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15G form is a self-declaration form that is submitted by individuals to their financial institution to avoid TDS deductions on their income.
Individuals below a certain age and income threshold are eligible to submit Form 15G to prevent TDS deductions. This form is typically used by individuals whose total annual income does not exceed the taxable limit.
To fill out Form 15G, individuals need to provide their personal details, income information, declaration on eligibility, and signature. It is important to ensure all information is accurate and up to date.
The purpose of Form 15G is to inform the financial institution that the individual's income is below the taxable limit and no TDS deductions should be made on certain income sources.
The form requires details such as name, PAN, income details, previous year's income, declaration of eligibility, etc. to be reported accurately.
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