Government Simplifies the Format and Procedure for Self Declaration in form No.15G or 15H to Reduce the Cost of Compliance and Ease the Compliance Burden for both, the Tax Payer and the Tax Deductor; Procedure for Submission of the Forms by the Deductor also Simplified; 

Payee Can Submit the Self-Declaration Either in Paper form or Electronically; the Deductor will Not Deduct Tax and will Allot a Unique Identification Number (UIN) to all Self-Declarations in Accordance with a well Laid Down Procedure to be Specified Separately.

Tax payers seeking non-deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961 (‘the Act’). In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and the tax deductor, the Central Board of Direct Taxes (CBDT) has simplified the format and procedure for self declaration in Form No.15G or 15H.  The procedure for submission of the Forms by the deductor has also been simplified.

Form 15H 15GUnder the simplified procedure, a payee can submit the self-declaration either in paper form or electronically. The deductor will not deduct tax and will allot a Unique Identification Number (UIN) to all self-declarations in accordance with a well laid down procedure to be specified separately. The particulars of self-declarations will have to be furnished by the deductor along with UIN in the Quarterly TDS statements. The requirement of submitting physical copy of Form 15G and 15H by the deductor to the income-tax authorities has been dispensed with. The deductor will, however be required to retain Form No.15G and 15H for seven years.

The revised procedure shall be effective from the 1st day of October, 2015. The Notification issued vide S.O. No.2663 (E) dated 29th September 2015 is as follows –

————————————

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 76/2015, Dated : September 29, 2015

S.O. 2663 (E). – In exercise of the powers conferred by section 295 read with section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (14th Amendment) Rules, 2015.

(2) They shall come into force on the 1st day of October, 2015.

2. In the Income-tax Rules, 1962 (hereafter referred to as the said rules), for rule 29C, the following rule shall be substituted, namely:-

29C. Declaration by person claiming receipt of certain incomes without deduction of tax. – (1) A declaration under sub-section (1) or under sub-section (1A) of section 197A shall be in Form No. 15G and declaration under sub-section (1C) of section 197A shall be in Form No. 15H.

(2) The declaration referred to in sub-rule (1) may be furnished in any of the following manners, namely:-

(a) in paper form;

(b) electronically after duly verifying through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (7).

(3) The person responsible for paying any income of the nature referred to in sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A, shall allot a unique identification number to each declaration received by him in Form No.15G and Form No.15H respectively during every quarter of the financial year in accordance with the procedures, formats and standards specified by the Principal Director-General of Income-tax (Systems) under sub-rule (7).

(4) The person referred to in sub-rule (3) shall furnish the particulars of declaration received by him during any quarter of the financial year along with the unique identification number allotted by him under sub-rule (3) in the statement of deduction of tax of the said quarter in accordance with the provisions of clause (vii) of sub-rule (4) of rule 31A.

(5) The person referred to in sub-rule (3) shall furnish the statement of deduction of tax referred to in rule 31A containing the particulars of declaration received by him during each quarter of the financial year along with the unique identification number allotted by him under sub-rule (3) in accordance with the provisions of clause (vii) of the sub-rule (4) of rule 31A irrespective of the fact that no tax has been deducted in the said quarter.

(6) Subject to the provisions of sub-rules (4) and (5), an income-tax authority may, before the end of seven years from the end of the financial year in which the declaration referred to in subrule (1) has been received, require the person referred in sub-rule (3) to furnish or make available the declaration for the purposes of verification or any proceeding under the Act in accordance with the procedures, formats and standards specified by Principal Director General of Incometax (Systems) specified under sub-rule (7).

(7) The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the declaration, allotment of unique identification number and furnishing or making available the declaration to the incometax authority and shall be responsible for the day-to-day administration in relation to the furnishing of the particulars of declaration in accordance with the provisions of sub-rules (4) and (5).

(8) The Principal Director General of Income-tax (Systems) shall make available the information of declaration furnished by the person referred to in sub-rule (3) to the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner to whom the Assessing Officer having jurisdiction to assess the person who has furnished the declaration under sub-section (1) or under sub-section (1A) or under sub-section (1C) of section 197A is subordinate.”.

3. In Appendix-II of the said rules, for Form No.15G and Form No.15H, the following Forms shall respectively be substituted, namely: –

Click here for Revised Format of Form 15G and Form 15H

F.No.133/50/2015-TPL

R LAKSHMI NARAYANAN)
(UNDER SECRETARY TO GOVERNEMNET OF INDIA)

Note.— The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 969(E), dated the 26th March, 1962 and last amended vide notification No. S.O. 2604 (E), dated the 23/09/2015.

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Posted Under

Category : Income Tax (28344)
Type : Notifications (16076) Notifications/Circulars (32598)
Tags : Form 15G (26) Form 15H (25) Income Tax Notifications (9851)

15 responses to “Form No.15G / 15H & related procedures wef 01.10.2015”

  1. chandresh patel says:

    notification from incometax department for form 15H for f.y.2018-19

  2. chandresh patel says:

    INCOME TAX DEPARTMENT NOTIFICATION FORM 15H FOR F.Y.2018-19

  3. ROB says:

    I AM A TAX DEDUCTEE AND I HAVE SUBMITTED CONSOLIDATED 15G OF YEAR 2015-16 BUT WRONGFULLY I ENTERED AN WRONG PAN NO. OF AN ASSESSE CAN I REVISE 15G AGAIN? IF YES WHAT IS THE PROCEDURE TO DO THE SAME. THANKING YOU FOR SUGGESTIONS

  4. K. Seshadri says:

    What happens if your income for several FDs in different banks, total up to more than you tax free level? In such a case if you dont submit 15H, banks will deduct, which will total up to more than your tax liability.
    Is there a way out that you file Form 15H only for FDs totalling upto an income within your tax free limit and not submit for other FDs. But again, the form requires to declare your total estimated taxable income.
    Under form 15H, I have read two contradictory notes in some posts elsewhere in the same note, stating that if your income exceeds the tax free limit, even then you can submit it, and another statement saying that you cant submit 15H.
    Am I missing something, or has the tax department failed to realize this angle?
    Seshadri (seshadri9@gmail.com

  5. The Babasaheb Deshmukh Sahakari Bank ltd, Atpadi Br.karad says:

    please guide me how to generate bank UIN Number for e-tds return (statement ) for 15g and 15h form also how to submite online e-tds information in 26q.
    kindly revert me.
    kindly do the needful.

  6. rugram says:

    Why should these two forms 15G and 15H need to be signed twice by the assessee – once after the details and again under ‘Verification’? If the first signature is dispensed with, would there be any ‘less legal liability’ on the assessee? The requirement of two signatures on these forms has been in force since very many years, and needs to be changed to only one signature at the end of the ‘Verification’, so as to simplify the process.

    It is interesting to note that the I-T Return forms have a provision for only one signature following the ‘Verification’ declaration, despite the fact that the ITRs may contain more information than that provided on 15 G & H forms. It is time such archaic requirements (of two signatures) be done away with immediately, CBDT should apply its mind to simplification of forms, rather than continue to do things mechanically.

    One is not also able to fathom the new need to give details of the last assessment done during the past 6 years. Cant the Dept. find out for itself this information from its records, now that ITRs are mostly computerized?
    There are cases where an assessee has no taxable (i.e. ‘total)income but is required to file his return under certain provisions of the Act. In such cases, the assessee does not receive the assessment order. How can such persons provide this information on the past? Can he assume that absence of assessment order is the same as the assessment having been done as if the declared income has been accepted by the I-T Dept.?

  7. VIKAS KUMAR says:

    PLEASE SENT ME CHANGE IN 27 C FORM OF DECLARATION OF PURCHASE OF COAL ALSO IN SECTION (1) A

  8. Sujit says:

    The forms were changed without any advance information. Even the procedure for getting the uin has not yet been notified. So the banks or other institutions will not be in a position to accept new 15G/H now onwards unless the rules are notified and implemented in the system. So it is ultimately the common man who are loser. CBDT always do late in notifying the ITRs and other forms. This time it seems theft are in hurry to notify the change. This is the ‘acchey din’ for common man of this country.

  9. T V RAO says:

    Now a days the depositors keep deposits in various banks for the reasons known to them. Submitting 15G/H to each bank is cumbersome (even on line).

    And they may forget to submit at all TDS points inadvertently or advertently.

    I suggest CDBT may consider to allow to submit 15G/H by logging to ITD efiling portal also, and such declaration can be sent to all banks where the deposits are kept linked to PAN.

    Similarly 15G/H submitted “status” should be seen on ITD efiling portal on login.

  10. S S BHULLAR says:

    Form 15H has already been submitted in April 2015 for the financial year 2015- 2016. Now is it mandatory to submit self declaration again according to new notification of CBDT.
    A reply from someone will be highly appreciated.

  11. S S BHULLAR says:

    Revised format of 15H is not being downloaded. Only format of 15 G is available.
    Kindly guide .

  12. P Aravindhan says:

    Time too short for implementation. Hardly 2 days have been given for implementing a provision which would impact lot of Bank depositors.

    Sufficient time should be given to Banks also. This is against Govt’s objective of “simplifying ease of doing business”

    Govt may kindly implement new provision wef 01/01/2016.

  13. deepakkathuria says:

    is identification no mentioned in new form no 15 G & H is aadhar card no
    please reply to my query

  14. Amar Kukkar says:

    If the person having multiple deposits and to issue multiply UIN is very confusion then it is possible When the I.Tax department issue UIN related to PAN on line and the same may be submitted by the depositor like a digital signature to the deductor.

  15. srs says:

    how it can be possible when the person having multiple deposits, multiple different incomes where no taxable income involved.
    whether unique identification number will be allotted for every submission of form 15G/Form 15H.
    If this is so for every PANcard holder or an assessee their will be multiple UIN.
    Will this not be creating more confusion.

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