Section 197A of the Income-tax Act read with rule 29C of the Income-tax Rules, 1962--Clarification regarding

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.... liable to income-tax to received interest on securities, dividends and other interest without deduction of tax at source under sections 193, 194 and 194A of the Income-tax Act on furnishing a declaration, in duplicate, in the prescribed form and verified in the prescribed manner. Rule 29C and Form Nos. 15F, 15G and 15H+ have been inserted in the Income-tax Rules, 1962, by the Income-tax (Fifth Amendment) Rules, 1982, prescribing the forms for the purposes of section 197A of the Income-tax Act and laying down the procedure for furnishing the declaration form. 2. The facility of claiming payments of interest on securities, dividends, etc., under section 197A of the I.T. Act is available only in the case of individuals who are resident in In....

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....(b) any person connected with the management or administration of the local authority, company, association or body upon whom the Income-tax Officer has served a notice of his intention of treating him as the principal officer thereof. Hence, in cases where the declaration in Form No. 15F, 15G or 15H is to be furnished for the purposes of receiving any interest on securities (other than any security of the Central Government or a State Govt.), dividends or interest other than interest on securities, payable by any person other than the Central Govt. or a State Govt., the declaration may be furnished to the local authority, corporation, company or the secretary, treasurer, manager or agent of the local authority, corporation or company. For ....