CBDT simplifies form No.15G and 15H & related procedures wef 01.10.2015

Thursday, 1 October 2015

CBDT simplifies form No.15G and 15H & related procedures wef 01.10.2015
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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 (‘the Act’). 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 and procedure for self declaration in Form No.15G or 15H. The procedure for submission of the Forms by the deductor has also been simplified.
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