Form 15g xml file

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2016 where to upload form 15g xml file generated from https://incometaxindiaefiling.gov.in---->downloads---> (forms other than ITR)

& it is to be uploaded by whom ?? deductor or deductee ??

if to be uploaded then at which path of https://incometaxindiaefiling.gov.in/e-Filing/ after doing login ??
becoz i have seen in upload other than ITR there is no option for form 15g

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2016 any1 is aware about my above query ...........kindly reply as soon as possible........
I think it is to be submitted by deductor who has not deducted tds due to form 15g received from deductee........however, how it is to be submitted with IT department online.....I'm unaware about this.....

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2024 Form 15G is typically submitted by the deductee (the individual who wants to avoid TDS deduction on their income) to the deductor (such as a bank or financial institution). The deductor does not upload Form 15G or its XML file anywhere on the Income Tax e-filing portal.

Here’s how the process generally works:

1. **Form 15G Submission by Deductee**:
- The deductee (individual) fills out Form 15G if their total income is below the taxable limit and submits it to the deductor (bank or financial institution) from whom they expect income (like interest) without TDS deduction.

2. **Verification and Record Keeping by Deductor**:
- The deductor verifies the details in Form 15G submitted by the deductee. If found valid, they keep this form for their records. They are not required to upload Form 15G or its XML file anywhere on the Income Tax e-filing portal.

3. **TDS Returns by Deductor**:
- The deductor includes details of all Form 15G received from deductees in their quarterly TDS returns. These returns are filed electronically on the Income Tax Department's e-filing portal under the section for TDS.

4. **Deductee’s Responsibility**:
- The deductee should ensure that Form 15G is submitted to the deductor well in time to prevent TDS deduction. They do not need to upload anything on the Income Tax e-filing portal related to Form 15G.

5. **Income Tax e-filing Portal**:
- There is no specific section on the Income Tax e-filing portal for deductees to upload Form 15G or its XML file. Deductees do not need to login to the e-filing portal for this purpose.

In essence, Form 15G is a declaration form provided by the deductee to the deductor to claim non-deduction or lower deduction of TDS. The deductor handles the submission of TDS returns, including details of Form 15G, to the Income Tax Department. Therefore, deductees do not upload Form 15G or its XML file on the Income Tax e-filing portal. They only submit it to the deductor.

If you have further questions or if your specific situation differs, consulting with a tax professional or visiting the Income Tax Department’s website for the latest guidelines would be advisable.

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