01 April 2013
IF I AM SUBMITTING THE DETAILS OF 15G AND 15H RECD IN TDS RETURN U/S 197A UNDER THE OPTION OF REASON FOR LOWER DEDUCTION OR NO DEDUCTION THEN IT IS NECESSARY TO SUBMIT THE FORM 15G AND 15H TO TDS CIRCLE?
09 April 2013
As per Rule 29 C a declaration in Form 15 G (individual who is not a senior citizen) and 15 H (senior citizen)in duplicate is required to furnished to the person responsible for paying the interest , dividend etc.
In turn, the person paying the income is required to delivered to the Chief Commissioner or commissioner , one copy of the declaration on or before the seventh day of the month next following the month in which the declaration is furnished to him.
Hence, the recipient of income is not to furnish 15 G/ 15 H to the IT Dept.
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