For example, if you have made deposits at three different branches of Axis Bank, then you have to submit the Forms at each branch separately.Ħ) These Forms can only be used for payments like dividends, interest on securities, interest other than interest on securities, national saving schemes, interest on units. So, the Income Tax Authorities can make further inquiries regarding the same income.Ĥ) It should be deposited at the beginning of each Financial year.ĥ) These Forms should be deposited at each and every branch where the deposit has been made. Ģ) Irrespective of the fact that Form15G/H has been filed or not, such income has to be mentioned under proper head while filing the return.ģ) These Forms are deposited in two copies, one of which is forwarded to the IT department. So, HUF and Association of Persons can also use this form.Ĭertain points require strict attention regarding Form 15G/H:-ġ) PAN is mandatory for making declaration using Form 15G/H from. Here, the word person refers to individual or person (not being a company or firm). The difference is only that Form 15G has to be filed by persons below 60 years of age and Form 15H has to be filed by persons above 60 years of age.
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