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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Form 15G

Regulation & tax
Also called: Form 15H

A declaration that total income falls below the taxable limit, filed so that tax is not deducted at source; Form 15H is the equivalent for senior citizens.

In plain terms

It prevents a deduction, it does not create an exemption. Filing it when income is in fact taxable moves the problem rather than removing it.

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Indian stock market glossary · Market Vidyalaya