1e8c0f21_ntants_Chennai_Update_Services__Fact
[Sl. No.] 3 [Myth] Once declaration is given in Form 15G/Form 15H, there is no need to pay tax on the same. [Fact] 
As per the provisions, only persons with NIL tax liability only can give these forms. But if there is a tax liability, they have to necessarily pay the requisite tax. On the other hand, by payment of tax they run the risk of giving a wrong declaration. Hence before giving Form 15G/15H, please be doubly careful.
form 15g download » B S Sridhar & Co., Chartered Accountants Chennai Update Services
Fact