Gsoftnet

Declaration by specified persons claiming receipt of certain incomes without deduction of Tax at Source

DECLARATION BY SPECIFIED PERSONS
CLAIMING RECEIPT OF CERTAIN INCOMES WITHOUT DEDUCTION OF TAX AT SOURCE
[Sec. 197 A, Rule 29C]

The recipient of income (payee/tax deductee) may, at his option, furnish a declaration to the effect that “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”. Such declaration should be furnished in writing in duplicate duly in the prescribed form and verified in the prescribed manner to the Tax Deductor in respect of the following:

Declaration to be made to the tax deductor in respect of payment/ income under section

Person (Payee) who is entitled to make such declaration

Prescribed Form No. for declaration

Declaration u/s 197A(1) and (1A) Dividend u/s 194 and payment out of deposits under national saving scheme ref. in section 80CCA(2) (a)

An resident individual or person (not being company or firm)

15 G

Declaration u/s 197A(1C)

I Interest on Securities u/s 193

I. Dividend u/s 194

II. Interest other than Interest on Securities u/s 194A

III. Payments [Sec. 80CCA(2)(a)] u/s 194EE

IV. Income in respect of units u/s 194K

Individual in India who is of the age of 65 years or more at anytime during the previous year and who is entitled to deduction u/s 88B

15 H



Note : The declarant has to furnish the PAN in declaration. If he fails to furnish the same the declaration is invalid.

0 comments:

Post a Comment