Form 15G

Filing of Form no. 15G/15H – An Analysis

Income Tax - Various representations have been received by the CBDT seeking clarification on the issue as to whether a depositor should submit only one declaration in respect of the income each year before each person responsible for making the payment (i.e. deductor) or Form 15G/15H has to be submitted each and every time the payment is due to be rec...

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Budget 2017: No TDS deduction on Insurance Commission on Filing of Form 15G/15H

Income Tax - It is proposed to amend section 197A so as to make them eligible for filing self-declaration in Form.No.15G/15H for non-deduction of tax at source in respect insurance commission referred to in section 194D....

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CBDT Notifies due date for furnishing 15G/15H declarations

Income Tax - CBDT has vide Notification No 1/2016 Dated: 09th June, 2016 notified due date for furnishing 15G/15H declarations for the period from 10.10.2015 to 31.03.2016 and for the period starting from 01.04.2016. The due date for quarterly furnishing of 15G/15H declarations received by the payer from 1.4.2016 onwards shall be: Sl. No Date of endin...

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Tax Compliances by Banks- Form 60, 61, 15CC, 15G & 15H

Income Tax - Person who has received declaration in Form No. 60 on or after 1st January, 2016 in relation to transactions specified in Rule 114B shall : 1. Furnish a statement in Form 61 containing particulars of such declaration to the Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data....

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TDS and form 15G/ 15H applicability

Income Tax - For a layman TDS or TAX is very cumbersome to handle and they are afraid of various procedures related to it. So, in this article I have tried to point out  few things which an Assessee/ Taxpayer needs to know :- [1]  TDS is deducted on CBS approach. Before 01-06-2015 , TDS was deducted by […]...

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

Notification No. 6/2017-Income Tax - (30/05/2017) - Representations have been received for clarification on the issue as to whether a depositor should submit only one declaration in respect of the income each year before each person responsible for making the payment (Deductor) or Form 15G/15H has to be submitted each and every time the payment is d...

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

Notification No. 10/2016-Income Tax - (31/08/2016) - Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards....

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

DG Systems Notification No 9/2016-Income Tax - (09/06/2016) - The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which tax is deductible furnishes to the payer a self declaration in Form No. 15H/15H in accordance with provision of the said Se...

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Furnishing of UID in Form 15G/15H for Q3 & Q4 of FY 2015-16

Circular No 18/2016-Income Tax - (23/05/2016) - CBDT relaxes condition of furnishing of Unique identification number allotted by the deductor for the quarter ending 31.12.2015 and 31.3.2016 in quarterly statement of deduction of tax in accordance with sub-rule (5) of Rule 29C....

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Procedure for Online filing of Form 15G & Form 15H

CBDT (DIT-Systems) Notification 7/2016 - (04/05/2016) - As per sub-rule (1) of rule 29C (Declaration by person claiming receipt of certain incomes without deduction of tax) of the Income-tax Rules, 1962 (hereunder referred as the Rules) a declaration under sub-section (1) or under sub-section (1A) of section 197A shall be in Form No. 15G and declaration ...

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Recent Posts in "Form 15G"

Filing of Form no. 15G/15H – An Analysis

Various representations have been received by the CBDT seeking clarification on the issue as to whether a depositor should submit only one declaration in respect of the income each year before each person responsible for making the payment (i.e. deductor) or Form 15G/15H has to be submitted each and every time the payment is due to be rec...

Read More
Posted Under: Income Tax |

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

Notification No. 6/2017-Income Tax (30/05/2017)

Representations have been received for clarification on the issue as to whether a depositor should submit only one declaration in respect of the income each year before each person responsible for making the payment (Deductor) or Form 15G/15H has to be submitted each and every time the payment is due to be received from the deductor....

Read More

Budget 2017: No TDS deduction on Insurance Commission on Filing of Form 15G/15H

It is proposed to amend section 197A so as to make them eligible for filing self-declaration in Form.No.15G/15H for non-deduction of tax at source in respect insurance commission referred to in section 194D....

Read More
Posted Under: Income Tax |

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

Notification No. 10/2016-Income Tax (31/08/2016)

Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards....

Read More

CBDT Notifies due date for furnishing 15G/15H declarations

CBDT has vide Notification No 1/2016 Dated: 09th June, 2016 notified due date for furnishing 15G/15H declarations for the period from 10.10.2015 to 31.03.2016 and for the period starting from 01.04.2016. The due date for quarterly furnishing of 15G/15H declarations received by the payer from 1.4.2016 onwards shall be: Sl. No Date of endin...

Read More
Posted Under: Income Tax | ,

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

DG Systems Notification No 9/2016-Income Tax (09/06/2016)

The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which tax is deductible furnishes to the payer a self declaration in Form No. 15H/15H in accordance with provision of the said Section....

Read More

Tax Compliances by Banks- Form 60, 61, 15CC, 15G & 15H

Person who has received declaration in Form No. 60 on or after 1st January, 2016 in relation to transactions specified in Rule 114B shall : 1. Furnish a statement in Form 61 containing particulars of such declaration to the Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data....

Read More
Posted Under: Income Tax |

Furnishing of UID in Form 15G/15H for Q3 & Q4 of FY 2015-16

Circular No 18/2016-Income Tax (23/05/2016)

CBDT relaxes condition of furnishing of Unique identification number allotted by the deductor for the quarter ending 31.12.2015 and 31.3.2016 in quarterly statement of deduction of tax in accordance with sub-rule (5) of Rule 29C....

Read More

TDS and form 15G/ 15H applicability

For a layman TDS or TAX is very cumbersome to handle and they are afraid of various procedures related to it. So, in this article I have tried to point out  few things which an Assessee/ Taxpayer needs to know :- [1]  TDS is deducted on CBS approach. Before 01-06-2015 , TDS was deducted by […]...

Read More
Posted Under: Income Tax | ,

Who can submit Form 15G & 15H & care to be taken in submission

This being the first quarter of the financial year, it is important, for all the people who want to receive interest without deduction of tax, to submit form no. 15G and 15G immediately to the banks Recently the in respect of particulars to be furnished and how to furnish these forms have been substantially amended. Let us discuss as to...

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Posted Under: Income Tax | ,
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