TDS - Simplification of Procedure - CBDT Clarification
THE existing provisions of Section 197A of the Income Tax Act provide that tax shall not be deducted if the recipient of certain payments furnishes to the payer a self declaration in Form 15G/15H. The manner of filing such declarations and particulars are laid down in Rule 26C of the income Tax Rules.
In this connection the Income Tax Department specifies that:
The due date for quarterly furnishing of 15G/15H declarations received by the payer from 1.4.2016 onwards shall be:
Sl. No | Date of ending of the quarter of the financial year | Due Date |
|---|---|---|
(1) | (2) | (3) |
1 | 30th June | 15th July |
2 | 30th September | 15th October |
3 | 31st December | 15th January |
4 | 31st March | 30th April |
The declarations received during the period 1.10.2015 to 31.3.2016 should be filed on or before 30th June 2016.
Pr.DG Income Tax (Systems) Notification No. ., Dated June 09 2016