What is Form 15G and Form 15H and where do I get it from?
Form 15G/15H is a self-declaration by the investor which can be obtained from Mahindra Finance or can also be downloaded from the company website.
It is a self- declaration which needs no attestation by anybody except in the case of left-hand thumb impression which needs to be attested by a Gazetted Officer/Bank Official. Since a copy must be retained by Mahindra Finance and one copy has to be sent to the IT dept, it is required to be furnished in Triplicate.
Mahindra Finance will send a pre-printed Form 15G/15H declaration in the month of March to the existing depositors and the depositors are required to return the same in duplicate duly completed and signed by the depositor. Form 15G/15H is sent to the depositor based on the estimated interest payable for the full financial year.
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What is the difference between Form 15G and the Form 15H?
Declaration in the Form 15G/H can be made by an individual or a person (not being a company or firm). Hence, a company or firm cannot submit a declaration in the Form 15G or in the Form 15H. Form 15G is meant for resident individuals who are below 60 ...
What is the process to get empanelled with Mahindra Finance as a distributor?
Documents to be scanned and sent to krishnarao.sv@mahindra.com Agent Empanelment Form and PAN Declaration Form KYC Documents PAN Card Proof of Address: Passport, Driving License, Voters ID, Ration Card, Electricity Bill, Telephone Bill Photograph ...
Is it not enough to furnish the Form only once at the time of placing the deposit?
No, Form 15G/H will have to be submitted at the beginning of each financial year covering all the existing deposits. If new deposits are to be made during the year, then a new Form 15G/H will have to be submitted. Also, if there are any changes in ...
What type of certificate do you get for the tax deducted at source and how is the certificate generated?
For the tax deducted at source, tax deduction certificates in the prescribed form 16A, giving details of the interest remitted will be sent by Mahindra Finance on quarterly basis if the deposit is under monthly or quarterly scheme, half yearly basis ...
Is there a prescribed form for making a deposit?
The entire process of application for fixed deposit is online. The advisor needs to fill in the basic details such as investment amount, tenure, scheme type (cumulative or non-cumulative), interest pay-out frequency and CKYC number to initiate the ...