Income-tax (14th Amendment) Rules, 2015 - Format and Procedure for Self Declaration in 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, simplified - 76/2015 - Income Tax

Declarations in Form 15G/15H now require unique quarterly IDs and mandatory reporting in quarterly TDS statements.

Rule 29C mandates that claims for certain incomes without deduction of tax be made in Form 15G or Form 15H, submitted on paper or electronically under specified procedures. Payers must allot a unique identification number to each form received each quarter and report these numbers and particulars in the quarterly TDS statement per rule 31A(4)(vii), even if no tax is deducted. A systems authority will set formats, verification processes and make declarations available for verification; tax authorities may require production or access to declarations for seven years from the end of the relevant financial year.