05 May 2023
The provisions of section 197A of the Income-tax Act, 1961 (‘the Act’) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which tax is deductible furnishes to the payer a self-declaration in Form No.15G/15H in accordance with provisions of the said section. The manner of filing such declarations and the particulars have been laid down in Rule 29C of the Income-tax Rules, 1962 (‘the Rules’) w.e.f 1.10.2015 vide Notification No. 76/2015 dated 29.09.2015.
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