COVID 2019 – CBDT extends validity of submission date of Form 15G & 15H

F. No. 275/25/2020-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

North-Block, New Delhi
3rd April, 2020

Order u/s 119 of Income Tax Act, 1961 regarding submission of Form 15G and 15H for Financial Year 2020-21

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

  1.              In case if a person had submitted valid Forms 15G and 15H to banks or other institutions for FY 2019-20, then these Forms 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 basis of said Forms 15G and 15H, shall require to report details of such payments/credits in TDS statement for quarter ending 30.06.2020 in accordance with provisions of rule 31A(4)(vii) of Income tax Rules, 1962

(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
  8. Database Cell for uploading on website
  9. Web Manager for uploading on website

Source: Income Tax

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