New Delhi: The CBDT has simplified a procession for filing of self stipulation by people in 15G and 15H forms, permitting them to do it electronically.
Forms 15G and 15H are filed by persons whose incomes are next a taxable threshold, to find grant from TDS on seductiveness income.
The procedure for submission of the forms by a deductor has also been simplified and now they would allot a Unique Identification Number (UIN) to all self-declarations, according to a Central Board of Direct Taxes (CBDT)
The revised procession shall be effective from 1 Oct 2015, it added.
“In sequence to revoke a cost of correspondence and palliate a correspondence weight for both, a taxation payer and a taxation deductor, a CBDT has simplified a format and procession for self stipulation of Form No 15G or 15H,” it said.
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The particulars of self declarations would have to be furnished by a deductor along with UIN in the quarterly TDS statements.
“The requirement of submitting earthy duplicate of Form 15G and 15H by a deductor to a Income Tax authorities has been dispensed with. The deductor will, however, be compulsory to keep Form No 15G and 15H for 7 years,” it added.
While Form 15H is submitted by comparison citizens, 15G can be filed by an particular whose taxable income is reduction than a grant threshold.