How to File Form 15G and Form 15H Online w.e.f 1st October, 2015
Simplification of procedure for Form No.15G & 15H (u/section 197A)
Under the simplified procedure, a payee can submit the self-declaration either in paper form or electronically. The deductor will not deduct tax and will allot a Unique Identification Number (UIN) to all self-declarations in accordance with a well laid down procedure to be specified separately. The particulars of selfdeclarations will have to be furnished by the deductor along with UIN in the quarterly TDS statements. The requirement of submitting physical copy of Form 15G and 15H by the deductor to the income-tax authorities has been dispensed with.
The deductor will, however be required to retain Form No.15G and 15H for seven years.
The revised procedure shall be effective from the 1st day of October, 2015.
The Notification issued by CBDT vide S.O. No.2663(E) dated 29th September 2015.
Pr. Commissioner of Income Tax (OSD)
Official Spokesperson, CBDT