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Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company or firm) to the person responsible for payment of certain income, without deduction of tax at source. In other words, this is a declaration for receiving certain incomes without TDS (tax deducted at source).
The type of income(s) for which this declaration can be given is as under: The important point to note is that if the income from the above mentioned income sources exceeds the maximum amount which is not chargeable to tax , this declaration can not be given. Read CPC Bangalore communication in this respect Click Here >> In other words, if for AY 2013-14, income from above listed sources exceed Rs. two lacs which is the maximum amount not chargeable to tax, this declaration can not be given. The declaration is required to be given in duplicate before the payment is made or credited whichever is earlier. In case a false declaration is given in form 15G, which the declarant either knows or believes to be false, or does not believe to be true, the declarant, under section 277 is punishable with imprisonment which can be up to seven years and with fine . ABCAUS Excel based form 15G is very simple, speedy and useful for professionals and individual users also. The user is required to build a database to avoid repetitive entries. For the second time. After creating database, Part-I can be completed in one click. Rest of field marked with grey colour should only be filled. Extra number of rows can be inserted wherever needed. Macros must be enabled to use it. Built in Help section has also been provided for instant use.
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ABCAUS Excel Auto Form 15G Download
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