Tds form 15g /15h

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harshal

harshal (Querist)
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22 March 2012 what the criteria of issue of form 15H /15H

CA Urvish Sanghavi

CA Urvish Sanghavi (Expert)
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22 March 2012 Sir, The person having his Income below Basic Exemption limit i.e. called Threshold limit (Rs. 1,80,000/- for A.Y. 2012-13), Those assessees has to file 15G/H form to the concerned person for not deducting TAX at Source (TDS). The same form is to be submitted to the Concerned IT Dept. officer.
The same can be reflected in 26AS also.

15H Form is to be filled by Senior Citizen (Refer defination of Senior Citizen in Act).

15G form is to be submitted by Individuals (other than Senior Citizen).

15G/H can not be filled by HUF/Partnership Firms, Company, AOP, BOI.

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