1) When (Timing, NOT purpose)should form 15G and 15H be collected from persons to whom interest or dividend is payable?
2)Should one submit to IT department just the DETAILS of persons from whom Form 15G and 15H are collected OR one should submit the FORMS COLLECTED itself?
3)If Forms collected are to be submitted/filed, should one submit the ORIGINAL OR PHOTOCOPY?
4)When(Timing, NOT purpose) they are to be filed at IT departemnt? Can it be sumitted in electronic form?
28 March 2008
IN THE BEGINNING OF EVERY FIN. YEAR ( IN APRIL), ONE HAS TO SUBMIT 15 G OR 15 H TO BANKS /NBFC /post offices( who are operating senior citizen savings schemes)FOR NONDEDUCTION OF TDS FOR THAT FIN. YEAR. 15 H is FOR senoior citizens. form 15 G FOR OTHERS. A DEPOSITOR NEVER SUBMITS FORM 15 G/H TO THE DEPT OF IT. IT IS THE RESPONSIBILITY OF THE BANKS/NBFCs/post off. or whoever asks the assessee to submit this form 15. these forms are always submitted in duplicate in original only. the assessee never submits these forms to IT dpt. directly. R.V.RAO
31 May 2012
one copy of 15g/h should be forarded to the commissioner of TDS, on or befor the seventh day of the month in which the declaration is recieved.. the last date is parallel with last date of deposition of TDS
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