Form 15H

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 processes, and key points....

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 distinctions between Form No 15G and Form No 15H....

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. 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 e...

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, 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 -Wha...

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 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 ...

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

Unity Dye Chem Pvt. Ltd. Sokhada Vs CIT (ITAT Ahmedabad) - 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....

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

Tamilnadu Mercantile Bank Ltd. Vs ITO (ITAT Chennai) - 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

Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur) - 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 ...

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

Canara Bank Vs DCIT (ITAT Delhi) - 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) wa...

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

Allahabad Bank Vs ITO (ITAT Delhi) - 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 woul...

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

NA - (04/04/2020) - 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, o...

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) - 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 l...

CBDT issues notification for amendment of Form No. 15H

Notification No. 41/2019 – Income Tax [G.S.R. 375(E),] - (22/05/2019) - In the Income-tax Rules, 1962, in Appendix II, in Form No. 15H in Part II, in note 10, the following proviso shall be inserted, namely: Provided that such person shall accept the declaration in a case where income of the assessee, who is eligible for rebate of income-tax under section 87A, is higher...

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...

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....

Recent Posts in "Form 15H"

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

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....

Posted Under: Income Tax | ,

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

Unity Dye Chem Pvt. Ltd. Sokhada Vs CIT (ITAT Ahmedabad)

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

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....

Posted Under: Income Tax |

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

Tamilnadu Mercantile Bank Ltd. Vs ITO (ITAT Chennai)

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

Sh. Nandkishore Bhikamchand Rathi Vs ITO (ITAT Nagpur)

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

Canara Bank Vs DCIT (ITAT Delhi)

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

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 e...

Posted Under: Income Tax |

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

Allahabad Bank Vs ITO (ITAT Delhi)

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 assess...

Understanding Dividend Income and related Taxes

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 -Wha...

Posted Under: Income Tax |

How to download Form 15G / 15H

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 ...

Posted Under: Income Tax |

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