All ABOUT FORM 15G and 15H | CA ANOOP BHATIA

[@shashankyadav6370]

सरल स्वभाव और सरलता से ज्ञान

[@CAAnoopBhatia]

धन्यवाद शशांक जी !!!

[@mahendrakamble1377]

Sir, you have very deep knowledge in Income tax.Explained in easy language.Thanks you.

[@CAAnoopBhatia]

Thanks and welcome Mahendra ji.

[@rajkumarsharma826]

Best you have done and explained peacefully. Thanks

[@CAAnoopBhatia]

Glad it was helpful!

[@Honest1461]

Sir aap bahut acche se samjhate ho ke sab samajh aa jata hai. Mujhe bank se sms aaya hai ki 31 march tak 15H form submit karein .par mai abhi out station hu toh form submit karne mein 8 se 10 din late ho jaayega to bank form accept karegi. Thank you so much.

[@rajapatil662]

Very nicely explained Sir. I file my returns even if I am not in the taxable bracket. It helps me to get rid of this 15G & 15H every year for all payees. It is cumbersome to submit if you have multiple sources!

[@CAAnoopBhatia]

You are right, I also suggest the same.

[@hindusthanirajasthani5160]

Sir bahut accha samjhaya apne par yah video 2 saal purana ho gaya h new financial year k according new video bana dijiye

[@CAAnoopBhatia]

Sure Sir, I will try to come up with new video soon.

[@akashkumarnayak1886]

I think this is the most comprehensive video on this topic in youtube.

[@CAAnoopBhatia]

Thanks for kind appreicaiton.

[@bhartinagar9497]

Very good knowledge sir bahut knowledge mila

[@CAAnoopBhatia]

Nice to know that.

[@toxicmuscularity]

Sir “Identification number of relevant investment/account, etc.” Me kya Likhna Hai Agar Corporate Bond Ho to ?

[@rii.shabh.__]

Bhai iska kuch solution Mila kya .. same query ha mere bhi

[@toxicmuscularity]

@@rii.shabh.__ Haa Bhai, Maine ISIN number diya tha ho gaya

[@ashokshah6767]

Sir I was looking for better clarity on column 16, Should figure in column 16 include figure in column 15 or exclude that figure? Wording is total income of py to which income at 15 is "to be included" Column 17 Aggregate income for which 15 H submitted What should be this figure? Should this figure be sum of 15 + 16 Or less than figure in column 16. Kindly explain. Most of the videos are silent on these entries. Or explanation is less than adequate. Hope you will explain. Thanks.

[@vijayrajpitaliya211]

Sir, all videos are very useful and informative in our day to day practice . CA Vijay Raj Pitaliya Bangalore

[@CAAnoopBhatia]

Thanks Vijay bhai.

[@raveeshroy]

2:45 Dividend (Section 194) 2:54 Interest (Section 193 and 194A) 14:16 HOW TO FILL FORM 15 H 15:30 WHAT IS PREVIOUS YEAR. अगर मैं २०२२-२३ वित्तीय वर्ष (FY) के लिए १५ एच submit करना चाहता हूँ तो मुझे उस कालम में २०२२-२३ भरना होगा 15:59 Whether assessd to tax. 14 (b) column में कुछ नहीं भरना है I 16:26 How to fill column 15 16:38 How to fill column 16 17:00 How to fill column 17 17:22 How to fill column 18:50 PREVIOUS YEAR ENDING ON 20:48 FORM H TO BE FILLED IN EVERY BANK

[@narendrasahare3149]

V good guidance sir. It's v detailed. Thanks so much

[@CAAnoopBhatia]

Most welcome

[@abheypathania]

Can we claim TDS refund of dividend and FD interest given, if our total gross income is below 2.5 lakhs per financial year?

[@CAAnoopBhatia]

Yes why not.

[@hemantkumarkhatik7806]

You are amazing sir.... Your simplicity is the best 👍🎉keep it up sir

[@CAAnoopBhatia]

Thanks Hemant bhai.

[@sivaprasadk9869]

Sir, Sr citizen approached us, who is getting 33k monthly pension. He is making an fd of 30 Lakh which gives 2.25 Lakh approx interest in a FY. Kindly clarify whether is he eligible for Form 15H.if he is, then how much is he tempted from TDS

[@ajitdesai7212]

Very nicely explained. Simple language .

[@CAAnoopBhatia]

Thanks :)

[@binapanimahato6796]

Thank you for sharing information about filling Form 15H.

[@CAAnoopBhatia]

Welcome.

[@preeti7662]

My father is a pensioner and has income from pension and interest on FD...in form 15 H does he need to show pension income also

[@junoon-jeetka250]

Maine private job 7 years kiya hai mera total income 10000 per year hai aur EPF ka amount 120000 hai kya form 15G fill karna chaiye

[@vipanverma5938]

My question is that I purchased two bonds of ESAF small finances bank total Rs. 2 lakh & in my demat account. The rate of interest on these bonds is 11.25℅ . I want to know where I should submit 15-G . As no folio no is not mentioned in the demat account. Please guide me in details. Also how much interest on these banks bonds exempted. 🙏❤🌹

[@CAAnoopBhatia]

You may ask this query from the registrar of the issue, they will update you or you may also write to the official mail id of the relevant company.

[@ashishsahni6364]

You are great very clear god bliss you

[@CAAnoopBhatia]

Thanks :)

[@mickimouse3019]

मैं अगले 2024-25 में बैंक के अंदर फॉर्म 15g भरना चाहता हूं। इस डिक्लेरेशन के लिए बेसिक एक्सेंप्शन लिमिट क्या है?

[@prabhat.kumarmukhopadhyay8683]

Excellent sir, very good clarification.

[@CAAnoopBhatia]

Thanks and welcome

[@Ali__javaid]

Sir if my Dividend income is 6000 rupees, will my TDS be Rs 600 or Rs 100?

[@yashpalgoel3362]

Sir In col 15 " estimated total income P. Y. " should I mention Taxable income i.e after eligible deduction under chapter VI A or Gross total income before eligible deduction under chapter VIA Please guide Thanks

[@prathmeshd6037]

Nice information in understanding way.

[@CAAnoopBhatia]

Glad it was helpful!

[@manumathur1323]

Excellent and very cleae presentation

[@CAAnoopBhatia]

Glad you liked it

[@Rawatjay]

I have a doubt sir as my mother's income is 3LPA from pension & FD interest amount is less than 1Lakh what should we fill in column 16 Estimated total income of the PY? Should we just fill interest from all sources because we cannot fill pension income there as it will cross 2.5 Lakh exemption limit..

[@CAAnoopBhatia]

Ideally all income needs to be included for such purposes, yet you may claim std. deduction for such purposes.

[@RATAN_BHUIYA]

Sir mere pita ji retired person hai uski pension ki income per year 208692rs hai or Fd se interest total income per year 240360 rs hai....total pension+fd = 449052 hai to kya mere papa ko 15h bank me bhrna chahiye ya nhi? Please reply?? 🙏

[@anilpandurangnaik5402]

Informative video. I wish to know whether this applies to FY 2022-23 or not.Pl.clarify.

[@CAAnoopBhatia]

Format are more or less same for the AY 2023-24 even.

[@shemantsingh765]

Mother having age < 60 and income from rent is 24,000 and interest income is > 40,000, should we file 15G ?

[@CAAnoopBhatia]

If her total income for the year is supposed to be less than equal to 2.5 lakh she may submit form 15G.

[@sahilsharma7293]

Sir I am a banker n I have received a 15G form a person who is going to cross 60 in August, now I will ask him to submit form 15H. Thnx a lot for this video and helping me in correcting mi mistske. Jai hind sir.

[@CAAnoopBhatia]

Thanks Sahil ji for kind appreciation. Jai Hind :)

[@bhavinbhatt8497]

SIR, 15G ME KONSE INCOME GINA JATA I.e. total alag alag bank ya post KA total interest YA FIR INCOME 15G ME WOH INCOME COUNT KARNI CHAHIYE FOR EXAMPLE SABHI BANK OR POST KAA INTEREST 2,70,000/- USME SE 80 C DEDUCTIONS MINUS KARKE 2,40,000/- AATA HAI TO YE 2,40,000/- PAR 15G BHAR SAKTE HAI

[@vijayanuj51]

Nicely explained. Thanks

[@CAAnoopBhatia]

Glad it was helpful!

[@tapasranjanmohanty5018]

All time video Sir Thanks 🙏

[@CAAnoopBhatia]

Most welcome

[@rameshchandchoudhary2606]

Covered most matters, Thanks

[@CAAnoopBhatia]

Glad it was helpful!

[@abheypathania]

Is it mandatory to file ITR if we have capital gain income or loss despite having total gross income less than the basic exemption limit from all sources like dividend,fd interest, savings bank account interest?

[@CAAnoopBhatia]

ITR filing would be required if without considering the capital gain exemption gross total income is above basic exemption limit (i.e. 2.5 lakh presently). However I usually suggest, if an assessee has capital gain or even a loss ITR should be filed.

[@sunilgilitwala2574]

Hello Sir very good explanation & Good speech .🙏

[@CAAnoopBhatia]

Thanks and welcome

[@dikshaagarwal9899]

Hello, thank you for taking out your precious time to explain the concept. I've 1 question relating to FY22-23 - agar kisi ki yearly working salary 5 lakh se upar h plus Bank interest FD p approx 60,000 aara h to kya wo Form 15G bhar sakta h TDS waiver k liye? Please reply. Thank you!

[@dikshaagarwal9899]

@CA Anoop Bhatia sir please reply....

[@sayantandey1022]

I also have the same question !Does the term total income means ," Interest earned from fixed deposits only !"

[@Prince-cg1eu]

​@@sayantandey1022 Total Income means All Other income + Interest Income

[@avinashbhatt2317]

very useful and informative video thanks Sir

[@CAAnoopBhatia]

Most welcome

[@abheypathania]

Should i show my capital gain income as business income? Is it advisable?

[@CAAnoopBhatia]

Capital gain reporting should not be done as business income unless you claim that asset sold is stock in trade.

[@abheypathania]

@@CAAnoopBhatia Stock in trade means?

[@mallen6526]

Sir if a pensioner gets FD interest of around 4.3 lakhs, do he need to fill form 15 H and submit to bank.

[@rupertnoronha6480]

nice video ...nicely explained. hope to see more such videos related to tax matters

[@CAAnoopBhatia]

Will try.

[@vinod3926]

Very good information. Thanks for sharing.

[@CAAnoopBhatia]

Glad it was helpful!

[@sweedaldias4582]

After fillin form 15H for Pmvvy, bank deducted 3000 income tax , how to save it?

[@roshandeshmukh6698]

Sir I am salaried employee my Income from salary is 11lakh per annum. I am working with Current organisation from 2019. I have 2 UAN. One with current organisation ( 2019 till present) and one with previous organisation ( 2015 till 2018) . My Old UAN PF is 73,0000 and pension is 28,0000 Do I need to submit 15G in this case?

[@gulapagarwalla3792]

It's really knowledgeable

[@CAAnoopBhatia]

Thanks for appreciation.

[@sayantandey1022]

So sir actually 15 g or h is a declaration for the next FY' s income ...like if I submit 15 g/h in Nov 2022 I actually requesting not to cut tds on the income for FY 23-24 and that's why previous year equals to current financial year ?? Am I correct sir ???

[@dharmeshmehta5540]

Sir your vidiyo simple Best knowledge. Thank you. Jay Hind

[@CAAnoopBhatia]

Thanks and welcome :)

[@dharmeshmehta5540]

Sir koi margdarshan le na ho to Ky kare.

[@rambirsingh9770]

SIR, CAN HUF SUBMIT 15G OR 15H AND WHAT WILL BE EXEMPTION LIMIT.

[@GANESHPATIL-yf5cb]

सर थ्री.बँक मध्य f d ahe प्रत्येक f d intrest jar अडीच लाख कमी आहे तर fifteen g भरू शकतो का?

[@C02754]

Can we file 15G form for interest income earned from Government Bonds? Under which IT section tds is deductible?

[@CAAnoopBhatia]

TDS in such cases is deducted u/s 193.

[@narsaiahganji9702]

sir, you said senior citizens can submit 15H even if fd interest exceeds Rs 3.00 lacs. But what is the use ? because it is exceeding basic limit of Rs.3.00 lacs for senior citizens. You meant say even in such case TDS exemption is available?

[@CAAnoopBhatia]

Yes that's the provision of law. In some cases where a sr. citzen getting interest say 4 lakh may claim 80C deduction of 1.5 lakh to reduced his / her total income below 3 lakh even.

[@Jay_1509]

My father is taking pension of 320000 annually with around 60000 interest . He is retired and senior citizen. Whether he is available to submit 15H from? Please advise sir?

[@CAAnoopBhatia]

Yes he may submit.

[@winbillmacsteve6810]

Hello sir do I have to fill in 15G/15H if my monthly income is ₹34650 but yearly income from FD is less than ₹40000? Please verify.

[@HumorOfLife]

No, not eligible

[@RahulKumar-dj9je]

Thanks Sir, nice Explanation 😊👍🏻

[@CAAnoopBhatia]

Thanks for appreciation Rahul bhai.

[@VirendraGautam-h5l]

15 H मे previous financial year की जानकारी क्यों मांगता है जबकि ensuing financial year में होने वाले इनकम में से TDS कटौती न होने के लिए 15H जमा कराया जाता है

[@adheshprasad7857]

should we update or attach the 15 G for PF claim if the amount is more than 4 lakhs and worked for 14 years in a company..? and should the person submit the F 15g to bank also please clarify. TIA

[@lovekeshkulria5807]

Sir ..thank you for making such a wonderful video for humanity, Is there any limit up to which bank will accept 15H for senior citizens, for example, can I even put 10 lacs for 15H

[@navinpant7508]

Sir thanks for clearing doubts

[@CAAnoopBhatia]

Welcome.

[@chandrakantgade1885]

Sir, in column no. 16 we have to write total income after deducting the standard deduction & 80 TTB Or Total income without deduction??

[@CAAnoopBhatia]

Total income is shown after claiming deductions only.

[@sushantdaphale]

Sir I have one question on behalf of same financial institution Branch A & Branch B. ( Mr. X's age above 80 yr. His income from fd interest for FY Rs. 546000/- ) But his fd interest in br. A is 480000/- & br. B is 66000/- he has given both branches 15H from. So in this case who will responsible ?

[@CAAnoopBhatia]

It's acceptable.

[@rnsingh7967]

I am 62yr old my pension is 35000 per month. Should I submit 15h.

[@CAAnoopBhatia]

Yes Sir it should be submitted if you don't want TDS

[@iamshankhajana]

awesome video sir ..really helpful . however i have a small doubt . For PY 2021-22 when is the best time to submit the 15G form ? can i submit any time before 31st march 2022 ? or it has be submitted at earliest ( i mean as soon as the FY 2021-22 starts ). ?

[@CAAnoopBhatia]

Best time is beginning of the year however you may submit it later even during the financial year itself.

[@iamshankhajana]

@@CAAnoopBhatia thanks

[@Rathoreshailu]

Sir yadi manually form fill karne par aur bar bar payer ko yaad dilane par bhi TDS cut raha hai toh kya ye problem online form fill karne par nahi hogi. Please reply 🙏

[@caarchanakumawat]

In case of Huf, which date to be taken for form 15G and H, huf incorporation date or karta's date of birth ?

[@CAAnoopBhatia]

In my opinion HUF incorporation date should be given.

[@TheSaurabhkothari]

Anoop Sir, i was doing deep dive on your video specially for the HUF case, I have a share of Titan Company and I have requested for 15G for not deducting TDS on the dividend exceeding 5000 Rs, and in reply to that they mentioned as below. Dear Sir / Madam, Please note that as per Section 197A of the Income-tax Act only Individuals and not HUF are allowed to furnish Form 15G wrt dividends. Hence we are unable to consider the form. Thanks and Regards, TSR Consultants Private Limited So in short, as my dividend income is not more than 2,50,000 for the HUF account in a year how can I proceed?

[@2baddi2]

Is an NRI senior citizen who is retired eligible to submit 15 H?

[@vivekk7899]

sir the bank 15 g can be used for dividend tds taxation

[@nishantarora8026]

Hi Sir, My mother's income is less than 3 lacs( in which I am showing 2.4 lacs rent paid to my mother) her age is 60+. She is submitting 15H form in the bank as well to avoid TDS deduction on FD interest and we selected "No" option of ITR in column 14 in 15H form. Do we need to file ITR for my mother now?

[@mitchokshi8328]

Very Informative Thank You Sir😊

[@CAAnoopBhatia]

So nice of you, thanks for kind appreciation.

[@annapurneshwari80001]

Thank u sir ur video was very useful

[@CAAnoopBhatia]

Glad to hear that

[@bankexam3346]

Thank you so much sir... i lost my father this year.. he was a senior citizen, and he had some fDs.. what should i do to file 15H form? For 1 year fD ,is it necessary to fill the form? Or kya mein ab form fill kr skti hu??

[@HumorOfLife]

No

[@abheypathania]

I am an investor in stock market but by mistake i did 3 intraday transactions whose overall turnover came ₹170.4 in the last financial year, can i show these transactions as short term capital gain with my more other STCG AND LTCG in my ITR 2 filing?

[@CAAnoopBhatia]

You may offer the gain as other source income in my opinion.

[@0range999]

Sir,am 50 yrs old, rental income is two lakhs, Fd income is 2 lakhs, can i file 15 G .Thank you

[@CAAnoopBhatia]

Prima facie you may fill form 15G.

[@Bharatwasi123]

Very well explained sir ji

[@CAAnoopBhatia]

Thanks and welcome

[@Vkgyanshala]

Sir please provide best option for saving senior citizens savings scheme

[@sangitadas8421]

Thank you 😊

[@CAAnoopBhatia]

You're welcome 😊

[@kaliprasadtripathy5158]

thank u sir, pfwithdrawal amount is above 7 lakh , so can ifill 15G ?

[@gayatriade17]

Very good thanks

[@CAAnoopBhatia]

Most welcome

[@it_geek]

Sir if we submit form 15G in April... but later in year I got job salary incomes also starts, will there be any problem or penalties when filling ITR because now i am in taxable bracket?

[@chandrakholia8308]

Mene apne bank m 16H april 2023 m submit kr diya h lekin ab m 16H ko july 2023 se withdraw marwana chahta hoon m ab esko ksae withdraw karyo ki merea TDS kat skae

[@vaibhavdesai2088]

Thank you very much sir very informative as always. Please make Video on deduction under chapter VIA.

[@CAAnoopBhatia]

Thanks Vaibhav ji. I will try.

[@laxmidevi1911]

Thank you very much sir

[@CAAnoopBhatia]

Thanks and most welcome :)

[@prasenjitdeyasi4841]

If I done sum amount on F.D, and then intereste come, monthly If I don't submit 15 G, within month, Then TDS decuted on this account. ?

[@CAAnoopBhatia]

TDS deduction is not a problem you may claim it by ITR filing as refund.

[@prabhat.kumarmukhopadhyay8683]

Sir, would you kindly inform me whether the monthly pension amount to be mentioned in estimated total income in 15 H form.

[@urushalaliwala6237]

In declaration it is written that tax will be nil but in case of senior citizen 15H is accepted even if income exceeds basic exemption limit so there will be some amount of tax. Isn't it contradictory? please clarify sir

[@CAAnoopBhatia]

Urusha ji it may be possible that even if the amount payable to a person is exceeding the basic exemption limit but due to Chapter VIA deductions etc being claimed by such person the total income may be lesser than basic exemption limit hence in the case of senior citizen the declaration is accepted to provide relief to senior citizen.

[@urushalaliwala6237]

@@CAAnoopBhatia thank you so much

[@TheKumarvenkatesh18]

Hi sir, Thanks for this awesome video. I have a doubt, If Salary Taxable income is more than 5 lakhs and FD Interest income is less than Rs.40,000. Can we submit 15G ??

[@CAAnoopBhatia]

No Sir in such case form 15G should not be submitted.

[@hansgargosai4276]

TDS Ciniyar citijan Co pancan and vyaj dono milakar katte ha ya khali vyaj par hi kat ta ha plese Rp me please

[@CAAnoopBhatia]

TDS keval interest par hi katte hain Sir.

[@Aadishaktistudioin]

Sir Form Fill - video bhi bana de - for senior citizen - unko help mil jayega please bana de- and kab fill karna chahiye - just for senior citizen ke liye easy language me bana de.

[@CAAnoopBhatia]

Will try in future.

[@Aadishaktistudioin]

Thank you @@CAAnoopBhatia

[@ps7891]

Thx sir Muze ek query hai, meri 300000 tak salary income hai year ki, aur side by side mera business (bicycle trading) ka hai... Muze business loan chahiye.. Muze meri business loan ki eligibility kitni hogi.... andaj se

[@CAAnoopBhatia]

Sir pls contact your banker he will decide it for you. I can't predict it.

[@grrao8857]

How an NRO can avoid paying TDS or recover TDS recovered already..

[@CAAnoopBhatia]

Avoiding TDS I can't suggest yet TDS may be recovered as refund by filing ITR.

[@deviprasaddas7588]

Sir mene pf advance 60,000 nikal liya tha. Abhi epf balance 45,000 hai. Mujhe pf close karna hai. Toh abb mujhe form 15G bharna hai ya nahi kyunki remaining epf balance 45,000 hai. Aur agar bharna hai toh point 16 mein amount kitna likhna hai 45,000 jo present show kar raha hai available ya total epf balance including pf advance amount

[@CAAnoopBhatia]

It depends, if your PF withdrawal is taxable then 15G is required to be submitted, otherwise not.

[@babitapan6942]

Sir Mere papa me SCSS (POSTAL)me 15 lkh ke diposit upar tax lagega kya , unke annual pension he 2,50,000 . O 15h ko kese use kare

[@CAAnoopBhatia]

If the total income of your father does not exceed 5 lakh then prima facie no tax shall be payable. However interest on SCSS is taxable in my opinion.

[@aijazkhan9995]

15g भरने के कितने दिन बाद रिफन्ड आयेगा,

[@sushantdaphale]

Sir I have one question on behalf of ABC financial institution. ( Mr. Y's age above 81 yr. His income from fd interest for FY Rs. 545000/- ) But wants to give 15H form Is It acceptable or refused by this ABC financial institutions

[@CAAnoopBhatia]

Its acceptable.

[@jmjeverywhere8854]

Sir ji my humble request to you plz explain me , I want to withdraw my PF. and I am above 60 my compny locked out before my retirement. My diposit in pf is 6laks am I Walid to submit form 15g15 h. . By seenin your vedio it reall made me to ask you

[@sharadg4586]

i am a Govt retired senior citizen 61yr earning 2.75 lakh pension per annum and fixed deposit bank interest 3.50 lakhs per annum . am i eligible for form 15H

[@CAAnoopBhatia]

Yes Sir you may provide.

[@barunkumar6204]

Awesome video, nicely explained. Sir i have a confusion. The last income tax return i filled for fy 2015-16 and annual income was below 2.5 lac. And from December 2015, i was out of my job because of medical reasons and last year in December 2021 my organization has terminated me. Now I wanted to withdraw my PF. So what should I fill in "whether assessed to tax" "Yes" or "No" and if "Yes" what should be assessment year. Hoping for your kind reply. Thanks.

[@janakrajkhurana6989]

Excellent video. Informative.My query is , in item number 16 of Form H , being a senior citizen, do I have to fill my gross income from all sources or an income which is below taxable limit. Kindly guide me. Thanks