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F.No. Pro DGIT(S)CPC(TDS)/NOTIFICATION/2022-23 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi Notification No. 01/2023 New Delhi, 29th March, 2023 Subject:- Procedure, format and standards for filling an application in Form No. 15C or Form No. 15D for grant of certificate for no-deduction of income-tax under sub-section (3) of section 195 of the Income Tax Act, 1961 through TRACES 1. Section 195(3) ofthe Income-t
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FAQ :
These forms are used to apply for a certificate for the grant of no-deduction of income tax under sub-section (3) of section 195 of the Income Tax Act, 1961. This allows for the receipt of interest and other sums without tax deduction at source.
Form No. 15C is to be filed by a banking company or insurer, while Form No. 15D is for any other person who carries on a business or profession in India through a branch.
These forms can now be filed electronically through the TRACES website.
The new procedure, format, and standards for electronic filing of Form No. 15C and Form No. 15D will be applicable from 1st April 2023.
TRACES stands for the Income Tax Department's portal for Taxpayer Services, where various tax-related processes, including the e-filing of these forms, can be managed.
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