Tds on transporters

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2015 Dear All,
I wish to know that form 15I & 15 J is applicable for FY 2014-15 or not?
which is to be submitted to department on or before 30.06.2015.
Kindly advise urgently.

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2015 any one is here.............

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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27 July 2025 Regarding **Forms 15G and 15H** for FY 2014-15:

* **Forms 15G and 15H** are declarations submitted by individuals (mostly senior citizens or others) to **avoid TDS on certain income like interest** where income is below taxable limit.
* These forms are **not related to TDS on transporters or contractors** under Section 194C.
* They are generally applicable to prevent TDS on **interest or dividend income**, **not on contract payments or transport bills**.

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### So, for your question:

* **Forms 15G/15H are NOT applicable for TDS on transporters or contract payments under Section 194C.**
* These forms need to be submitted by individuals or HUFs to the bank or deductor for non-deduction of TDS on interest.
* The deadline for submission is usually **before the first deduction/payment in the financial year**.
* For FY 2014-15, yes, the forms could be submitted before 30.06.2015 to avoid TDS on interest income if applicable.

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### In summary:

* If you are deducting TDS on transporters (under Sec 194C), **Forms 15G/15H have no relevance**.
* TDS on transporters must be deducted as per the applicable provisions regardless of 15G/15H.
* 15G/15H are only for **income like interest, dividends, or other specified incomes where TDS deduction is applicable but the payee wants to avoid it based on their income status**.

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If you want I can help explain TDS on transporters again or clarify any other doubts!

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