Source: https://www.incometaxindia.gov.in/Pages/communications/notifications.aspx
CBDT vide its Notification No. 76/2015/F.No.133/50/2015-TPL dated 29-09-2015 notified New Form 15H and Form 15G applicable from 01-10-2015.
In the new forms Government Simplifies the Format and Procedure for Self Declaration in new form No.15G or 15H to Reduce the Cost of Compliance and Ease the Compliance Burden for both, the Tax Payer and the Tax Deductor; Procedure for Submission of the Forms by the Deductor also Simplified;
Under the simplified procedure, a payee can submit the self-declaration either in paper form or electronically. The deductor will not deduct tax and will allot a Unique Identification Number (UIN) to all self-declarations in accordance with a well laid down procedure to be specified separately. The particulars of self-declarations will have to be furnished by the deductor along with UIN in the Quarterly TDS statements.
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