Submission of Form 15G and 15H for F.Y-2020-21 – Order u/s 119 of IT Act, 1961

CBDT Order u/s 119 of the Income-tax Act, 1961 (the Act) regarding submission of Form 15G and 15H for Financial Year-2020-21

F.No. 275/25/2020-IT(B)
Government of India/ भारत सरकार
Ministry of Finance/ वित्‍त मंत्रालय
Department of Revenue/ (राजस्‍व विभाग)
Central Board of Direct Taxes/ (केन्‍द्रीय प्रत्‍यक्ष कर बोर्ड)

North Block. New Delhi
03rd April, 2020

Subject: Order u/s 119 of the Income-tax Act, 1961 (the Act) regarding submission of Form 15G and 15H for Financial Year-2020-21-reg

Due to outbreak of pandemic Covid-19 virus, there is severe disruption in the normal working of almost all sectors of economy including functioning of the Banks, other Institutions etc. Amidst such situation, there can be instances that some eligible persons may not be able to submit the Form 15G and 15H timely to the Banks, other Institutions ctc . This would result into the deduction of TDS by the Banks and other Institutions even where there is no tax-liability. To mitigate the genuine hardship of such persons, the CBDT issues following directions/clarifications by exercise of its powers u/s 119 of the Act.

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Read also: CBDT Order u/s 119 of the IT Act, 1961 on issue of certificates for lower rates/nil deduction/collection of TDS or TCS

2. In case if a person had submitted valid Forms 15G and 15H to the Banks or other Institutions for F.Y. 2019-20, then these Form 15G and 15H will be valid up to 30.06.2020 for FY 2020-21 also. It is reiterated that the payer who has not deducted tax on the basis of said Forms 15G and 15H, shall require to report details of such payments/credits in the TDS statement for the quarter ending 30.06.2020 in accordance with the provisons of rule 31A(4)(vii) of the Income-tax Rules, 1962.

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(Mahesh Kumar)
Director (IT-Budget), CBDT

Copy to:

1. PS to FM

2. PS to MoS (F)

3. OSD to Finance Secretary

4. Chairman, CBDT and all Members of CBDT

5. All Pr.CCsIT / Pr.DGsIT

6. All CCsIT /DGsIT


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