The CBDT, in its recent notification, has declared that the submitting of Form 15G and 15H has been simplified. This mainly asks the Deductor to have online provisions for accepting the declaration.
Now, as we know, if the taxpayer is not seeking any deductions under the section 197A, then (s)he can submit a self-declaration of the same in the form of Form 15G and 15H. This was done either in paper format or electronically at the web link provided by the deductor.
In this process, it was mandatory that the deductee had to quote his/her PAN, in accordance with the provisions of section 206AA(2).
The notice further stated that the Deductor, after due verification of the self-declaration has to assign a unique identification number (UIN) to the declaration.
The payer will have to digitize the declaration on paper and upload all the declarations, including the electronic declarations. These declarations are those received during the particular quarter.
The declarations have to be uploaded on to the department website, but as of now there is no clarity as to the mechanism for the same.
The unique identification number (UIN) allotted to the declaration has to contain the following fields: A sequence number as shown in the table; the financial year for which the declaration is being provided and TAN of the Deductor.
| 15G | 15H |
|
10 alphanumeric character starting with G followed by 9 digits (Eg. G000000001) |
10 alphanumeric character starting with H followed by 9 digits (Eg. H000000001) |
The UIN running sequence number series would be reset to 1 at the start of each financial year, in the case of each TAN of the payer.
The sequence number must be a 10 digit alphanumeric string of characters, starting with G or H for Form 15G and 15H respectively.
Additionally, the Deductor has to quote the 10 character ‘Sequence Number’ (field ‘a’ of the UIN) in quarterly TDS Statement against the transaction which is covered under 15G and 15H declaration, according to the provision.
Also, it is mandatory to quote the same in the “Certificate Number” field for Form26Q where the Deduction remark is set to as “NO DEDUCTION U/S 197A” (Flag-B).
This is applicable for statements which pertain to the Financial Year 2015-16, Quarter 3 onwards.
Consequently, the File Validation Utility (FVU) will be updated before long by the NSDL, which will incorporate the changes mentioned above.
Please click here to refer the Notification No. 4/2015 dated 1st December.
Related topics: Introduction of new rules in Form 15G and 15H, New FVU released.
Thanks for share the important updates.
Dear Sir,
please sent us of 15G and 15 H Form
The Forms are available at the links given; FORM 15G, FORM 15H
The required Forms are available at the links given; FORM 15G, FORM 15H
Procedure towards filling up form 15 G & 15 H online at the earliest
Pl. let me know how to upload the manually received form 15H in dept. website
W.E.F 1st October 2015, submitting of physical copy of FORM 15G/15H is not required. The deductor has to report the same in their Quarterly TDS Return filing statement by mentioning the UIN (Unique Identification Number) provided to the customer by the deductor.
Dear Sir
What if the person doesn’t have TAN no and he is only receiving 15G/15H from concerned person and he is forwarding the same to Department.
A person is not liable to receive Form 15G/15H without having TAN No.. Hence no further processes exists.
I have received form 15G in physical form for FY 2015-16. UIN has been generated. Now is it require any upload procedure or just mention the UIN in TDS return is the only process?
What is the Procedure uploding 15G and 15H online. What is procedure of allotment UIN to Depositor.
Please click here to know more on procedure of allotting UIN.
pls clarify FORM 15G AND FORM 15H CONTAINED 3RD QUATER PAYMENT OR UPTO MARCH 2016 PAYMENT OF INTEREST .
SECOND QUERY PHYSICALLY FORM SUBMITTED TO TDS INCOME TAX OFFICE
THANKS
This process of submission is effective from FY 2015-16, 3rd quarter onwards. Hence no physical from can be submitted from 3rd quarter onwards.
thank u verymuch for the live updation.
Procedure to obtain 15G/H online and on which website
Please reply
Procedure to obtain 15G/H online and on which website
Please reply
sir,
If we have received only paper declarations and allot UIN as per instructions and upload the date in 26 q4 without using DSC what will be the result? whether validation will be there