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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 5604 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 3480 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 68382 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 9036 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 130327 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 228 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 675 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 6882 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 1074 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 13860 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 11394 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 16969 Views 1 comment Print

Filing of Form 15G / Form 15H – An Analysis

January 13, 2020 35241 Views 5 comments Print

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 received from the deductor.

Guidelines for Income Tax Deductees- ensure you have correct tax credit!

December 11, 2019 3849 Views 0 comment Print

Tax deductee is a person who receives certain prescribed payments like salary, interest, commission, brokerage, rent etc. after deduction of tax at source

All you need to know about Form 15G

September 18, 2019 7134 Views 0 comment Print

Usually, banks deduct TDS (Tax Deducted at Source) when the interest which is earned by a taxpayer exceeds INR 10,000. However, in case the total income of such taxpayer doesn’t exceed the taxable limit, such taxpayer can submit Form 15G to his or her bank requesting not to deduct TDS on his or her interest which he/she has earned in the financial year.

Form 15G -For Non deduction of TDS on Interest for Individuals & HUF

June 13, 2019 29931 Views 2 comments Print

Form 15G is a self-declaration form which can be filed by the eligible persons for applying for non-deduction of tax in case the total income of the eligible person doesn’t exceed the exemption limit of the respective financial year.

Submit Forms 15G and 15H by year end but take certain care

December 28, 2018 1377 Views 2 comments Print

Submit 15 G or 15 H before the year end to avoid tax deduction from your interest Of late I have been receiving many queries from the readers about submission of forms to the banks so as to ensure that the bank does not deduct tax at source. In order to address those queries I […]

Download Form 15G & 15H with FAQs

August 19, 2018 1730337 Views 311 comments Print

Everyone is aware that Form 15G and form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form

Form No.15G and 15H & Related Procedures

August 18, 2018 83979 Views 34 comments Print

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 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 for self declaration in Form No.15G or 15H. The procedure for submission of the Forms by the deductor has  been specified under rule 29C of Income-tax Rules, 1962.

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

July 28, 2018 101206 Views 17 comments Print

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 who can submit form no. 15G and 15H and the precautions to be taken while filing these forms.

TDS and Form 15G/ Form 15H applicability

July 26, 2018 49852 Views 2 comments Print

Some points to be taken care of while submitting Form 15G/Form 15H A. Criteria to be eligible to file form 15G i ) The assesse must be Individual, HUF, AOP ii) The assesse must be Resident iii) The assesse should be less than 60 years iv) Tax calculated on total income should be NiL

Submitting Form No. 15G & 15H -Points to Remember

July 16, 2018 199148 Views 70 comments Print

Very often, readers keep enquiring about the submission of forms No. 15G/15H to the banks or others payer so that interest could be received without deduction of tax at source (TDS). In this column, I am covering all about Form No. 15G & 15H and hopefully the detailed elaboration hereunder would provide a comprehensive picture about the submission of Form No. 15G & 15H.

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