Due to outbreak of COVID-19, there is severe disruption in the normal banking working of almost all sectors of economy. Thus, the CBDT has clarified that if a person had submitted Form 15G and 15H for FY 2019-20 to banks and other institutions then these forms will be valid up to 30.06.2020 for FY 2020-21… Read More »
No TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate Since the section 87A was amended by the Finance Act, 2019, to provide full tax rebate to taxpayers earning total income up to Rs. 5 lakh The CBDT made the consequent amendment in Form 15H used for furnishing… Read More »
Form 15G/15H to be filed once in a year and not every time when payment is due; CBDT clarifies Notification No 6/2017 Dated 30.05.2017 Download Notification
F.No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No 1/2016 Dated: 09th June, 2016 Subject: Simplification of procedure for Form No. 15G & 15H –Clarifications -reg The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that… Read More »
F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Circular No 18/2016– Dated 23rd, May 2016 Sub: Relaxation for Furnishing of UID in case of Form 15G /15H for certain quarters -reg The existing provisions of section 197A of the Income-tax Act, 1961 (‘the Act1 inter… Read More »
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income tax (systems) NOTIFICATION NO.7/2016 [F.NO.DGIT(S)/ADG(S)-2/TDS E-FILING NOTIFICATION/110/2016], DATED 4-5-2016 PROCEDURE FOR SUBMISSION OF DECLARATION BY A PERSON CLAIMING RECEIPT OF CERTAIN INCOMES WITHOUT DEDUCTION OF TAX IN FORM 15G / 15H UNDER SECTION (1) OR UNDER SUB SECTION (1A) OF SECTION… Read More »
Registration process before e-File Statement of Form 15G / 15H To file the “Statement of Form 15G/15H”, user should hold valid TAN and should be registered as “Tax Deductor & Collector”. If not already registered, he should Go to Register yourself- >Tax Deductor & Collector and complete the registration process. Steps for Tax Deductor and Collector… Read More »