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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 5598 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 3450 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 68190 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 9030 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 130285 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 216 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 669 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 6861 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 1071 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 873 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 3366 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 13857 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 11388 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 15457 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 16966 Views 1 comment Print


No default due to Non Deduction of TDS on Interest where Form 15G is Submitted

September 29, 2020 816 Views 0 comment Print

The issue under consideration is whether assessee is considered as assessee in default u/s 201(1) and 201(1A) for non-deduction of TDS?

How to download Form 15G / 15H

May 10, 2020 130285 Views 0 comment Print

As we all aware that tax payers seeking non-deduction of tax from certain incomes are required to file a self-declaration in Form 15G or Form 15H as per the provisions of Section 197A of the Act. The manner of filing such declarations and the particulars have been laid down in Rule 29C of the Income-tax Rules, 1962 (‘the Rules’). Today I am covering here the process of filing Form 15G or Form 15H online.

TDS Provisions related to Small Businesses & Covid 19 Relief

May 5, 2020 15783 Views 0 comment Print

TAX DEDUCTION AT SOURCE (TDS) In order to ensure better tax compliance and ensuring the timely payment of tax to the Government treasury, a mechanism has been established by making it mandatory for certain persons responsible for making payment of some expenses to deduct tax from such payment and deposit it to the Government account. […]

Extension of Validity of Nil/Lower Deduction Certificate & Form 15G & 15H

April 11, 2020 3492 Views 0 comment Print

Due to outbreak of the pandemic COVIT-19, there is severe disruption in the normal working of almost all the sectors of economy including income tax department. In such a scenario, to mitigate hardships of assessee as well as officers, the CBDT issues various direction / clarifications by exercising of its powers A. Extension of Validity […]

Form 15G Excel Utility

April 10, 2020 36711 Views 1 comment Print

You can keep and generate 2000 parties Form 15G by using this utility with in seconds,  Simple to generate as and when require Form 15G UIN (Unique Identification Number) will generate automatically as per the prescribed format

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

April 4, 2020 3366 Views 0 comment Print

Further, on payments to Non-residents (including foreign companies) having Permanent Establishment in India, where the above applications are pending, tax on payments made will be deducted at the subsidised rate of 10% including surcharge and cess, on such payments till 30.06.2020 of F.Y. 2020-21, or disposal of their applications, whichever is earlier (Order passed on 31.03.2020).

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

April 3, 2020 13857 Views 8 comments Print

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 […]

Filing of Form 15G/15H for rental payments

March 13, 2020 27958 Views 5 comments Print

The provision of sub-section 194-I of the Act, inter alia, provides for tax deduction at source (TDS) for payments in the nature of rent beyond a threshold limit. The existing provisions provide threshold of Rs. 1,80,000 per financial year for deduction of tax under this section.

Form No. 15G and 15H: Procedure to e-file by deductor

March 8, 2020 68170 Views 6 comments Print

CBDT prescribed form No. 15G & 15H for Declaration under section 197A (1)(1A), for an individual or a person (not being a company or a firm) claiming certain receipts without deduction of TDS.

No interest allowance u/s 40(a)(ia) if deductee furnished Form 15G or 15H

January 23, 2020 1752 Views 0 comment Print

Disallowance of interest paid to persons who furnished Form 15 G and Form 15 H  should not be made u/s 40a(ia) for non deduction of TDS as the requirement of filing of Form 15G and 15H with the prescribed authority viz., CIT was only procedural and that could not result in a disallowance u/s 40a(ia).

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