Simplification of procedure for Form No. 15G & 15H

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.... Income tax Act provides for no deduction in certain case by submitting a declaration using Form 15G/15H as laid down in Rule 29C of the Income tax Rules. The manner of filing such declaration and the particulars have been laid down in Rule 29C of the Income tax Rules. The person responsible for paying any income of the nature referred to in sub section (1) or sub section (1A) or sub section (1C) ....

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....ccordance with the provisions of clause (vii) of sub rule (4) of rule 31A irrespective of the fact that no tax has been deducted in the said quarter. In exercise of the powers delegated by the Central Board of Direct Taxes (Board) under sub para (7) of para 2 of Notification issued vide S.O. No.2663(E) dated 29th September 2015, the Principal Director General of Income-tax(Systems) hereby specifi....

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....f section 206AA(2). 2. Allotment of UIN (Unique Identification Number): 2.1 UIN shall consist of following three fields (a), (b) & (c): a) Sequence Number (10 alphanumeric for Form 15G/15H) given as follows; 15G 15H 10 alphanumeric characters starting with G followed by 9 digits (Eg. G000000001) 10 alphanumeric characters starting with H followed by 09 digits(Eg. H0000000001) b) Finan....

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.... UIN) in quarterly TDS statement against the transaction covered under 15G/H declaration in accordance with the provisions of clause (vii) of sub rule (4) of rule 31A irrespective of the fact that no tax has been deducted in the said quarter. 4. Reconciliation Mechanism: 4.1 The payer will be responsible for reconciliation of the allotted UINs vis-a vis reported UINs to the ITD through reporti....