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F. No. 275/25/2020-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi

Dated-03rd April 2020

Subject- Order u/s 119 of the Income-tax Act, 1961 (the Act) regarding submission of Form 15G and 15H for Financial Vear-2020-21-reg‑

Dueto outbreak of pandemic Covid-19 virus, there is severe disruption in the normal working of almost all sectors of economy including functioning of the Banks, other Institutions etc. Amidst such situation, there can be instances that some eligible persons may not be able to submit the Form 15G and 15H timely to the Banks, other Institutions etc this would result into the deduction of TDS by the Banks and other Institutions even where there is no tax-liability. To mitigate the genuine hardship of such persons. the CBDT issues following directions/clarifications by exercise of its powers u/s 119 of the Act.

2. In case if a person had submitted valid Forms 15G and 15H to the Banks or other Institutions for F.Y. 2019-20, then these Form 15G and 15H will be valid up to 30.06.2020 for FY 2020-21 also. It is reiterated that the paver who has not deducted tax on the basis of said Forms 15G and 15H, shall require to report details of such payments/credits in the TDS statement for the quarter ending 30.06.2020 in accordance with the provisions of rule 31A(4)(vii) of the Income-tax Rules, 1962.

( Mahesh Kumar)

Director (IT-Budget), CBDT

Download Click here 

Since the section 87A was amended by the Finance Act, 2019, to provide full tax rebate to taxpayers earning total income up to Rs. 5 lakh

The CBDT made the consequent amendment in Form 15H used for furnishing declaration for nil deduction of tax in case of senior citizens. Now, rebate u/s 87A shall be allowed while furnishing Form 15H declaration.

Notification No. 41/2019 Dated 22.05.2019

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd May, 2019
INCOME-TAX

G.S.R. 375(E),— In exercise of the powers conferred by sub-section (1C) of section 197A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:___

1. Short title and commencement.—
(i) This rule may be called the Income-tax (4th Amendment) Rules, 2019.
(ii) It shall come into force from the date of its publication in the Official Gazette.

2. 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 than the income for which declaration can be accepted as per this note, but his tax liability shall be nil after taking into account the rebate available to him under the said section 87A.”.

[Notification No. 41/2019/F. No. 370142/5/2019-TPL]
SAURABH GUPTA, Under Secy. (Tax Policy & Legislation)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S.O. 969(E), dated the 26th March, 1962 and were last amended vide notification G.S.R. No. 304(E), dated 12th April, 2019.

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Notification No 6/2017

 Dated 30.05.2017

Download Notification

Dated: 09th June, 2016

Subject: Simplification of procedure for Form No. 15G & 15H –Clarifications -reg

The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which   tax is deductible furnishes  to the payer a self declaration in Form No. 15G/15H in accordance with provision of the said Section. The manner at filing such declarations and the particulars have been laid down in Rule 29C of the Income-tax Rules, 1962 (The Rules) w.e.f. 01.10.2015 vide Notification No. 76/2015 dated 29.09.2015.

2. As per sub rule (7 ) and (8) of rule 29C of the rules notified vide aforesaid notification, the Principal Director General Income Tax (Systems) is required to specify the procedures, formats and standards for the purposes of furnishing and verification of the declaration and allotment of unique identification number in pursuance of the same , Principal Director General of Income Tax (systems) has issued Notification No 4/2015 dated 1st December 2015 to notify the procedure, formats and standards.

3. Representation has been received for clarification on the following issues

a) Due date of quarterly uploading of Form 15G /H declaration by payers on efiling portal

b) The manner for dealing with form 15G /15H received by payer during the period from 01.10.2015  to 31.03.2016

4. In this regard it is hereby specified that

a) Due date for quarterly furnishing of 15G/ H declarations received by the payer from 01.04.2016 onwards shall be as given below

b) the payer shall furnish 15G /15H declarations received during the period from 01.10.2015 to 31.03.2016 on efiling portal (http//:incometaxindiaefiling.gov.in) in the given format  on or before 30th june 2016

Ps Thuingaleng

Dy Commissioner of Income Tax ( CPC- TDS)

O/o The Pr Director General of Income tax (Systems)

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