Canara bank form 15g

Any person making a false statement in the declaration shall be liable to prosecution under section of the Income-tax Act, , and on conviction be punishable:. If someone submitted the Form 15G assuming that his Total Income will be below the taxable limit for the Year. The following groups and individuals are eligible to open an FD account with Canara Bank. Now, is he eligible to furnish Form 15H? Even the present Start-ups need huge capital, will be funded by banks.

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