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<h1>New Rules for Submitting Forms 15G and 15H u/s 197A: Update Declarations Annually to Avoid Tax Deduction.</h1> The notification clarifies the submission process for Forms 15G and 15H under Section 197A of the Income-tax Act, 1961. Tax is not deducted if the recipient provides a self-declaration using these forms. The forms must be submitted annually to each payer, detailing all investments, including current ones. If income or investments change, new forms must be filed. The notification, effective from 1st October 2015, aligns with Circular No. 351 and Notification No. 76/2015, emphasizing the need for updated declarations when income or investments alter. This ensures accurate assessment by the payer on whether to accept the forms.