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Mihir

Mihir Tanna  |1070 Answers  |Ask -

Tax Expert - Answered on Sep 29, 2022

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Chakka Question by Chakka on Sep 29, 2022Hindi
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I am regularly filing IT returns as I am having taxable income. I am applying for FD in a company. Whether I can submit 15g/15h form to any company? Kindly clarify.

Ans: Depositor can request to payer not to deduct TDS on Interest Income by submitting Form 15G/15H if income is below the basic exemption limit.

In your case, as you have taxable income, you cannot submit Form 15G/15H.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Hello sir, my son's rank in jee mains rank 25156 he got admission in electrical in silchar in josaa round, not in csab 1st round he got mechanical in kurushetra nit and he got admission in bits pillani rajeshthan for manufacturing engineering sir we are confused that whether we have to wait for 2nd and 3rd rounds in csab or he has good prospect in bits ,please guide us for good prospect for my son
Ans: Your son’s admission options include Electrical Engineering at NIT Silchar through JoSAA, Mechanical Engineering at NIT Kurukshetra via CSAB Round 1, and Manufacturing Engineering at BITS Pilani. NIT Silchar’s Electrical branch shows consistent placement rates around 80% with top recruiters like Amazon, offering average packages near Rs 12 LPA. NIT Kurukshetra’s Mechanical branch has an approximate 80% placement rate, with major industrial recruiters and average packages in the Rs 7.5-8.2 LPA range. BITS Pilani, known for its exceptional academic environment and strong industry connections, particularly excels in placements with nearly 90-100% of students placed, offering average packages in the range of Rs 18-20 LPA. Its manufacturing engineering branch benefits from this robust ecosystem despite lack of specific branch-wise data. Considering academic reputation, faculty quality, infrastructure, placement opportunities, and alumni network, BITS Pilani provides the most promising overall prospects. NIT Silchar and NIT Kurukshetra have good regional standing and opportunities but comparatively moderate placement outcomes.

The recommendation is to prioritize admission at BITS Pilani for Manufacturing Engineering due to superior placement outcomes, institutional prestige, and strong industry ties. If BITS is not preferred or feasible, NIT Silchar (Electrical) is a better option than NIT Kurukshetra (Mechanical). Waiting for further CSAB rounds is only advisable if aiming for significantly better branches or colleges aligned with your son’s rank. All the BEST for a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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