Follow Us :

Form 15G

Latest Articles


No Tax Deduction: Form 15G and Form 15H Declarations

Income Tax : Learn about the rules for non-deduction of tax using Form 15G and Form 15H. Explore who can file these declarations, submission pr...

October 28, 2023 5418 Views 0 comment Print

Under which section one can submit Form No 15G/15H

Income Tax : Learn about submitting Form No 15G/15H under Section 194A of the Income Tax Act, 1961. Discover eligibility, conditions, and disti...

May 25, 2023 3096 Views 0 comment Print

Section 197A – No TDS Deduction – Form 15G & Form 15H

Income Tax : Form 15G and Form 15H are forms you can submit to prevent TDS deduction on your income, if you meet the conditions mentioned below...

July 10, 2021 66474 Views 3 comments Print

Understanding Dividend Income and related Taxes

Income Tax : Article explains/Contains  What is Dividend, Concept of Record Date, Payment of Unpaid Dividend, Claim of Unpaid Dividend, Transf...

March 14, 2021 8976 Views 0 comment Print

How to download Form 15G / 15H

Income Tax : As we all aware that tax payers seeking non-deduction of tax from certain incomes are required to file a self-declaration in Form ...

May 10, 2020 129781 Views 0 comment Print


Latest Judiciary


Madras HC Allows Appeal before CIT(TDS) with 10% Pre-Deposit instead of 20%

Income Tax : In a case between Salem Urban Co-op Bank Ltd. and the Income Tax Officer, Madras High Court allows appeal, permitting waiver of 10...

March 22, 2024 168 Views 0 comment Print

No section 271C penalty for TDS Non-Deduction if Form 15G & 15H submitted

Income Tax : Analysis of ITAT Ahmedabad's decision in Unity Dye Chem Pvt. Ltd. vs CIT case. Penalty under section 271C not applicable if TDS no...

August 12, 2023 546 Views 0 comment Print

Non-deduction of TDS/ reversal of TDS on interest payment based on Form 15G/15H justified

Income Tax : ITAT Chennai held that non-deduction of TDS and reversal of TDS deduction on interest payment on the basis of declaration in Form ...

April 29, 2023 6720 Views 0 comment Print

Non- Deduction of TDS: No Addition if deductee included income in ITR

Income Tax : Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur) The assessment order passed by disallowing an amount of Rs.5,18,596/- on th...

June 23, 2022 1038 Views 0 comment Print

Examine Form No 15G/15H of depositor to whom Interest is paid- ITAT directs AO

Income Tax : Canara Bank Vs DCIT (ITAT Delhi) The fact of this case clearly shows that original order passed u/s 201(1) and 201(1A) of the Act ...

August 2, 2021 861 Views 0 comment Print


Latest Notifications


Lower or nil deduction of TDS/TCS & Submission of Forms 15G & 15H

Income Tax : Further, on payments to Non-residents (including foreign companies) having Permanent Establishment in India, where the above appli...

April 4, 2020 3348 Views 0 comment Print

Form 15G & 15H submitted for FY 2019-20 would be valid up to 30.06.2020

Income Tax : To mitigate the hardships of small taxpayers, it has been decided that if a person had submitted valid Forms 15G and 15H to the Ba...

April 3, 2020 13836 Views 8 comments Print

Form 15G/15H to be furnished to Deductor- Once a Year or more?

Income Tax : Representations have been received for clarification on the issue as to whether a depositor should submit only one declaration in...

May 30, 2017 11334 Views 0 comment Print

CBDT Extends due date for quarterly furnishing of Form 15G/155H

Income Tax : Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the pe...

August 31, 2016 15451 Views 0 comment Print

Simplification of procedure for Form No. 15G & 15H

Income Tax : Explore the clarifications on the simplified procedure for Form 15G & 15H under section 197A of the Income-tax Act. Stay informed ...

June 9, 2016 16846 Views 1 comment Print


Latest Posts in Form 15G

Madras HC Allows Appeal before CIT(TDS) with 10% Pre-Deposit instead of 20%

March 22, 2024 168 Views 0 comment Print

In a case between Salem Urban Co-op Bank Ltd. and the Income Tax Officer, Madras High Court allows appeal, permitting waiver of 10% pre-deposit amid financial hardship.

No Tax Deduction: Form 15G and Form 15H Declarations

October 28, 2023 5418 Views 0 comment Print

Learn about the rules for non-deduction of tax using Form 15G and Form 15H. Explore who can file these declarations, submission processes, and key points.

No section 271C penalty for TDS Non-Deduction if Form 15G & 15H submitted

August 12, 2023 546 Views 0 comment Print

Analysis of ITAT Ahmedabad’s decision in Unity Dye Chem Pvt. Ltd. vs CIT case. Penalty under section 271C not applicable if TDS non-deduction supported by Form 15G/H.

Under which section one can submit Form No 15G/15H

May 25, 2023 3096 Views 0 comment Print

Learn about submitting Form No 15G/15H under Section 194A of the Income Tax Act, 1961. Discover eligibility, conditions, and distinctions between Form No 15G and Form No 15H.

Non-deduction of TDS/ reversal of TDS on interest payment based on Form 15G/15H justified

April 29, 2023 6720 Views 0 comment Print

ITAT Chennai held that non-deduction of TDS and reversal of TDS deduction on interest payment on the basis of declaration in Form No. 15G/ 15H is justifiable.

Non- Deduction of TDS: No Addition if deductee included income in ITR

June 23, 2022 1038 Views 0 comment Print

Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur) The assessment order passed by disallowing an amount of Rs.5,18,596/- on the ground that the assesse has not followed the provision of Section 194A r.w.s. 40(a)(ia) of Income Tax Act, 1961. ITAT find both the CIT(A) and the AO have not examined as to whether or not […]

Examine Form No 15G/15H of depositor to whom Interest is paid- ITAT directs AO

August 2, 2021 861 Views 0 comment Print

Canara Bank Vs DCIT (ITAT Delhi) The fact of this case clearly shows that original order passed u/s 201(1) and 201(1A) of the Act on 24.03.2014 where the Assessee was found to be an assessee in default and also charged interest thereon comprising all the above sum. The appeal before the ld CIT(A) was filed […]

Section 197A – No TDS Deduction – Form 15G & Form 15H

July 10, 2021 66474 Views 3 comments Print

Form 15G and Form 15H are forms you can submit to prevent TDS deduction on your income, if you meet the conditions mentioned below. For this, PAN is compulsory. Some banks allow you to submit these forms online through the bank’s website. Form 15H is for senior citizens, those who are 60 years or older; while Form 15G is for everybody else.

No TDS default if Bank not deducts TDS of customer who furnishes Form 15G/15H even if their Interest Income exceeds taxable limit

March 30, 2021 2172 Views 1 comment Print

Asessee-bank had not deducted TDS under section 194A  in  respect  of  customers  who had provided Form No. 15G and 15H as the prime responsibility relating to TDS deduction u/s 201 was of the recipient assessee to pay the tax directly once they filed From No. 15G/15H and any tax liability would be held as pending in recipient assessee’s cases and hence Section 201 of the Act could not be invoked as it was a recovery provision.

Understanding Dividend Income and related Taxes

March 14, 2021 8976 Views 0 comment Print

Article explains/Contains  What is Dividend, Concept of Record Date, Payment of Unpaid Dividend, Claim of Unpaid Dividend, Transfer of Dividend to IEPF Account, Summary of Dividend Rates, Applicable Surcharge and Cess on Dividend, What is form 15G/15H, Dividend rate on FPI and Link to download the forms 15G, Form 15H and Form 10F. I -What […]