TDS/TCS relief declarations require prescribed forms, supporting evidence, unique identification, reporting, and certified non-trading use of goods.

Rules 208, 211 and 212 prescribe declarations and evidence for TDS/TCS relief. Specified senior citizens may submit Form No. 125 to claim eligible deductions and rebate through a specified bank, which must compute total income, retain supporting evidence and deduct tax at applicable rates. Form No. 121 declarations for receipt without tax deduction require unique identification and TDS-statement reporting. Buyers claiming non-collection of tax must furnish Form No. 127 in duplicate, certify non-trading use in manufacturing, processing or production, and enable submission of a copy to the prescribed income-tax authority.

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