One of my client has to make following payments
a) Interest of Rs.150000/= to Mr.A.
b) Rent of 10000/= to Mr.A.(same person)
Mr.A. furnishes 15G in respect of Interest and aks for payment without TDS and ask rent payment also without TDS as below Rs.120000/=
My Client asked Mr.A how can he submit 15G, as merged total of both the income is greater than maximum amount chargeable to tax.
Mr.A states he has expenses in relation to such income, hence his income will be below the maximum amount chargeable to tax.
My Client is confused whether he should accept the 15G or not
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