To mitigate the hardships of small taxpayers, it has been decided that if a person had submitted valid Forms 15G and 15H to the Banks or other institutions for F.Y. 2019-20, then these Forms would be valid up to 30.06.2020. This will safeguard the small tax payers against TDS where there is no tax liability (Order passed on 03.04.2020).

F. No. 275/25/2020-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi

Dated-03rd April 2020

Subject- Order u/s 119 of the Income-tax Act, 1961 (the Act) regarding submission of Form 15G and 15H for Financial Vear-2020-21-reg‑

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Due to outbreak of pandemic Covid-19 virus, there is severe disruption in the normal working of almost all sectors of economy including functioning of the Banks, other Institutions etc. Amidst such situation, there can be instances that some eligible persons may not be able to submit the Form 15G and 1511 timely to the Banks, other Institutions etc This would result into the deduction of TDS by the Banks and other Institutions even where there is no tax-liability. To mitigate the genuine hardship of such persons. the CBDT issues following directions/clarifications by exercise of its powers u/s 119 of the Act.

2. In case if a person had submitted valid Forms 15G and 15H to the Banks or other Institutions for F.Y. 2019-20, then these Form 15G and 15H will be valid up to 30.06.2020 for FY 2020-21 also. It is reiterated that the paver who has not deducted tax on the basis of said Forms 15G and 15H, shall require to report details of such payments/credits in the TDS statement for the quarter ending 30.06.2020 in accordance with the provisions of rule 31A(4)(vii) of the Income-tax Rules, 1962.

( Mahesh Kumar)

Director (IT-Budget), CBDT

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Relevant Posts

Title Notification No. Date
Form 15G & 15H submitted for FY 2019-20 would be valid up to 30.06.2020 F. No. 275/25/2020-IT(B) 03/04/2020
Lower/nil rate of TDS/TCS applications to be disposed liberally by 27.04.2020 F. No. 275/25/2020-IT(B) 03/04/2020
Lower or nil deduction of TDS/TCS and Submission of Forms 15G & 15H NA 04/04/2020
Certificates for lower rate/nil deduction/collection of TDS or TCS- Reg. F. No. 275/25/2020-IT(B) 31/03/2020

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5 Comments

  1. aksha says:

    can anyone tell form 15g 15h received from jan to mar-20, What is the due date to file on incometax website??? it is normaly apr-30 is any extension for that also ??

  2. Bharat says:

    I returned back to India from abroad on 30-12-2018, since then I am without any work as of Today… – my NRI status came to an end in July 2019… , so Now only for my Fixed deposits – how do I determine the Form Submission, ? bharatkeshav@gmail.com

  3. Krishnan S says:

    Those Who Have Submitted Form 15 – H
    For The Year 2019 – 20 Should Be Treated
    As Valid For The Year 2020 – 21 Also ; i.e. ,
    No Form 15 – H Should Be Insisted For
    2020 – 21 ;

  4. Krishnan S says:

    I Have Been Requesting Since Long To Dispense
    With Submission Of FORM 15 – H For The
    Senior Citizens And Super Senior Citizens ;
    And There Should Not Be Any T D S For Them By Any Bank , N B F Cs , Other Companies Irrespective Of Their Income ; This
    Will Mitigate The Hardships Faced By Them ;
    Is There Anybody In Government To Listen To This Humble Request .

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