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Mihir Tanna  |1031 Answers  |Ask -

Tax Expert - Answered on Feb 23, 2023

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
Kallat Question by Kallat on Feb 03, 2023Hindi
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whether the !5 G limit has been increased to 3 lakhs or it remains the same .? What about 15Hlimit, if 15 G limit is increased to 3 lakhs?

Ans: Form 15G 15H can be submitted if tax liability is zero on taxable Income. In case person opt for old regime and person don't have any special rate income like capital gain on listed shares/equity mutual fund than there is no tax liability if income is upto 5 lacs. Similarly, under new tax regime, no tax liability for person earning income upto 7 lacs as per budget proposal for FY 23 24
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