Form 15G, Download Income Tax Form 15G in PDF Format

FORM NO. 15G for Declaration by Individual or a Person Claiming Interest and Dividend without Deduction of Tax. FORM NO. 15G is to be used by resident individuals other than senior citizens receiving income by way of dividends (not from domestic companies), repayment of deposits made under the National savings schemes or the persons receiving income by way of Interest on securities, income in respect of units.

(1) Notwithstanding anything contained in section 194 or section 194EE], no deduction of tax shall be made under any of the said sections in the case of an individual, who is resident in India, if such individual furnishes to the person responsible for paying any income of the nature referred to in section 194 or, as the case may be, section 194EE], a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the tax on his estimated total income of the previous year in which such income is to be included in computing his total income will be nil.

(1A) Notwithstanding anything contained in section 193 or section 194A or section 194K, no deduction of tax shall be made under any of the said sections in the case of a person (not being a company or a firm), if such person furnishes to the person responsible for paying any income of the nature referred to in section 193 or section 194A or section 194K, as the case may be, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the tax on his estimated total income of the previous year in which such income is to be included in computing his total income will be nil.

(1B) The provisions of this section shall not apply where the amount of any income of the nature referred to in sub-section (1) or sub-section (1A), as the case may be, or the aggregate of the amounts of such incomes credited or paid or likely to be credited or paid during the previous year in which such income is to be included exceeds the maximum amount which is not chargeable to income-tax.

(1C) Notwithstanding anything contained in section 193 or section 194 or section 194A or section 194EE or section 194K or sub-section (1B) of this section, no deduction of tax shall be made in the case of an individual resident in India, who is of the age of sixty years or more at any time during the previous year , if such individual furnishes to the person responsible for paying any income of the nature referred to in section 193 or section 194 or section 194A or section 194EE or section 194K, as the case may be, a declaration in writing in duplicate in the prescribed form and verified in the prescribed manner to the effect that the tax on his estimated total income of the previous year in which such income is to be included in computing his total income will be nil.]

(1D) Notwithstanding anything contained in this section, no deduction of tax shall be made by the Offshore Banking Unit from the interest paid—

(a) on deposit made on or after the 1st day of April, 2005, by a non-resident or a person not ordinarily resident in India; or

(b) on borrowing, on or after the 1st day of April, 2005, from a non-resident or a person not ordinarily resident in India.

Explanation.—For the purposes of this sub-section “Offshore Banking Unit” shall have the same meaning as assigned to it in clause (u) of section 2 of the Special Economic Zones Act, 2005

(1E) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from any payment to any person for, or on behalf of, the New Pension System Trust referred to in clause (44) of section 10.

(1F) Notwithstanding anything contained in this Chapter, no deduction of tax shall be made from such specified payment to such institution, association or body or class of institutions, associations or bodies as may be notified by the Central Government in the Official Gazette, in this behalf.

(2) The person responsible for paying any income of the nature referred to in sub-section (1) or sub-section (1A)] or sub-section (1C) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner] one copy of the declaration referred to in sub-section (1) or sub-section (1A) or sub-section (1C)] on or before the seventh day of the month next following the month in which the declaration is furnished to him.

 

FORM NO. 15G

Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax

I/We
son/daughter/wife of_________________________ resident of
@ do hereby declare—

1. that I am a shareholder in_________________________ (name and address of the company) and the shares in the said company, particulars of which are given in Schedule I below, stand in my name and are beneficially owned by me, and the dividends therefrom are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961;

Or

that the securities or sums, particulars of which are given in Schedule II or Schedule III or Schedule IV below, stand in *my/our name and beneficially belong to *me/us, and the *interest in respect of such securities or sums and/or income in respect of units is/are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961;

Or

That the particulars of my account under the National Savings Scheme and the amount of withdrawal are as per the Schedule V below;

2. That my/our present occupation is
;

3. That the tax on my/our estimated total income, including—

The dividends from shares referred to in Schedule I below;

and/or

interest on securities, interest other than “interest on securities” and/or income in respect of units, referred to in Schedule II, Schedule III and/or Schedule IV below;

and/or

The amount referred to in clause (a) of sub-section (2) of section 80CCA, mentioned in Schedule V below,

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;

4. that my/our income from dividend/interest on securities/interest other than “interest on securities”/units/amounts referred to in clause (a) of sub-section (2) of section 80CCA or the aggregate of such incomes, computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on
r
elevant to the assessment year 20
-20
will not exceed the maximum amount which is not chargeable to income-tax;

5. That I/we have not been assessed to income-tax at any time in the past but I fall within the jurisdiction of the Chief Commissioner or Commissioner of Income-tax
;

Or

That I was/we were last assessed to income-tax for the assessment year_____________by the Assessing Officer
Circle/Ward/District and the permanent account number allotted to me is
;

6. That I am/am not resident in India within the meaning of section 6 of the Income-tax Act, 1961;

7. Particulars of the shares of the company/securities/sums/account under the National Savings Scheme and the amount of withdrawal referred to in paragraph 1 above, in respect of which the declaration is being made, are as under:

SCHEDULE I

No. of shares

Class of shares and face value of each share

Total face value of shares

Distinctive numbers of the shares

Date(s) on which the shares were acquired by the declarant

SCHEDULE II

Description of securities

Number of securities

Date(s) of securities

Amount of securities

Date(s) on which the securities were acquired by the declarant

SCHEDULE III

Name and address of the person to whom the sums are given on interest

Amount of such sums

Date on which sums were given on interest

Period for which such sums were given on interest

Rate of interest

SCHEDULE IV

Name and address of the Mutual Fund

Number of units

Class of units and face value of each unit

Distinctive number of units

Income in respect of units

SCHEDULE V

Particulars of the Post Office where the account under the National Savings Scheme is maintained and the account number

Date on which the account was opened

The amount of withdrawal from the account

Signature of the declarant

Verification

I/We
d
o hereby declare that to the best of my/our knowledge and belief what is stated above is correct, complete and is truly stated.

Verified today, the
d
ay of

Place

Signature of the declarant

PART II

[FOR USE BY THE PERSON TO WHOM THE DECLARATION
IS FURNISHED]

1. Name and address of the person responsible for paying the income, mentioned in paragraph 1 of the declaration
2. Date on which the declaration was furnished by the declarant
3. Date of declaration, distribution or payment of dividend/withdrawal from account number
under the National Savings Scheme
4. Period in respect of which *dividend has been declared/interest is being credited or paid/income in respect of units is being credited or paid
5. Amount of dividend/interest or income in respect of units/withdrawal from National Savings Scheme Account
6. Rate at which interest or income in respect of units, as the case may be, is credited/paid

Forwarded to the Chief Commissioner or Commissioner of Income-tax

Place

Date

Signature of the person responsible

for paying the income referred to in

Paragraph 1

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