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

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....(1) or under sub-section (1A) of section 197A shall be in Form No. 15G and declaration under sub-section (1C) of section 197A shall be in Form No. 15H. (2) The declaration referred to in sub-rule (1) may be furnished in any of the following manners, namely:- (a) in paper form; (b) electronically after duly verifying through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (7). (3) The person responsible for paying any income of the nature referred to in sub-section (1) or sub-section (1A) or sub-section (1C) of section 197A, shall allot a unique identification number to each declaration received by him in Form No.15G and Form No.15H respectively during every quarter of the financial year in accordance with the procedures, formats and standards specified by the Principal Director-General of Income-tax (Systems) under sub-rule (7). (4) The person referred to in sub-rule (3) shall furnish the particulars of declaration received by him during any quarter of the financial year along with the unique identification number allotted by him under sub-rule (3) in the statement of deduction of tax of the said quarter in accordance ....

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.... dated the 26th March, 1962 and last amended vide notification No. S.O. 2604 (E), dated the 23/09/2015. ============= Document 1 "FORM NO. 15G [See section 197A(1), 197A(1A) and rule 29C] Declaration under section 197A (1) and section 197A(1A) to be made by an individual or a person (not being a company or firm) claiming certain incomes without deduction of tax. 1. Name of Assessee (Declarant) PART I 2. PAN of the Assessee 3. Status 4. Previous year(P.Y.)³ 5. Residential Status (for which declaration is being made) 6. Flat/Door/Block No. 7. Name of Premises 8. Road/Street/Lane 9. Area/Locality 10. Town/City/District 11. State 12. PIN 13. Email 14. Telephone No. (with STD Code) and Mobile No. 15 (a) Whether assessed to tax under the Income-tax Act, 19615: Yes No (b) If yes, latest assessment year for which assessed 16. Estimated income for which this declaration is made 17. Estimated total income of the P.Y. in which income mentioned in column 16 to be included 18. Details of Form No. 15G other than this form filed during the previous year, if any Total No. of Form No. 15G filed Aggregate amount of income for which Form No. 15G filed 19. Details o....

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....ion "Yes" if assessed to tax under the provisions of Income-tax Act, 1961 for any of the assessment year out of six assessment years preceding the year in which the declaration is filed. 'Please mention the amount of estimated total income of the previous year for which the declaration is filed including the amount of income for which this declaration is made. In case any declaration(s) in Form No. 15G is filed before filing this declaration during the previous year, mention the total number of such Form No. 15G filed along with the aggregate amount of income for which said declaration(s) have been filed. Mention the distinctive number of shares, account number of term deposit, recurring deposit, National Savings Schemes, life insurance policy number, employee code, etc. "Indicate the capacity in which the declaration is furnished on behalf of a HUF, AOP, etc. 10Before signing the declaration/verification, the declarant should satisfy himself that the information furnished in this form is true, correct and complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income-tax Act, 1961 and on c....

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....s year, if any Total No. of Form No.15H filed Aggregate amount of income for which Form No. 15H filed 18. Details of income for which the declaration is filed Identification number of Nature of income investment/account, Sl. No. relevant Section under which Amount of income tax is deductible etc.7 Signature of the Declarant I. Declaration/Verification .do hereby declare that I am resident in India within the meaning of section 6 of the Income-tax Act, 1961. I also hereby declare that to the best of my knowledge and belief what is stated above is correct, complete and is truly stated and that the incomes referred to in this form are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961. I further declare that the tax on my estimated total income including *income/incomes referred to in column 15 *and aggregate amount of *income/incomes referred to in column 17 computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on relevant to the assessment year will be nil. Place: Date: PART II Signature of the Declarant [To be filled by the person responsible for payin....