Friends, Major amendments have been done in Procedure for submitting Form 15G or 15H vide Income Tax Notification No. 76/2015 [F.No. 133/50/2015-TPL] / SO 2663 (E) : Income Tax (14th Amendment) Rules, 2015 dated 29th September, 2015. Utilities have also been provided by Income Tax Department for deductors for generating XML Files of consolidated forms 15G and 15H.
Unique Identification No. UIN Number is important in this utility and the same will be uploaded while submitting TDS return for the quarter concerned.
“Unique Identification No” field should be of a valid UIN format.
A valid UIN format should have “First Character should be "G" followed by 9
digits, next Financial year (eg: 201516) and TAN (First 4 alphabets, then 5
numeric and last alphabet)”.
Example of UIN Number :-
Quarter = Q4
F.Y. = 2015-2016
TAN NUMBER = ABCD12345E
UIN NUMBER MAY BE LIKE THIS
FOR 15G G000000001201516ABCD12345E
FOR 15H H000000001201516ABCD12345E
Instructions for filing Form 15G Basic Details
Instructions for filling Form 15G Basic Details
Option 1 – “Import CSV“
- Download the template from the link (“Template”) provided.
- Click on the template; provide a file name to save the file.
- Update the data as per the headings provided in the template.
- Ensure that the filled template is saved in .CSV format. The same can be done through Go to File Save As Provide File name to save the Template -> Select Save as type as “CSV (Comma delimited) (*.csv)” -> Save.
- Import the updated CSV file by Clicking on “Import CSV with basic details”.
Option 2 – “Add Details“
- Select “Add Row” and enter all the required details. Click on “Save” to save the added details in the table. To copy/edit/delete rows select the row which is to be copied/edited/deleted and then click on respective buttons available.
To add income details for the respective row of “Basic details”, select the row, click on “Add Income details” and fill the required data and save it.
Note:
- On deletion of any row in “Basic details” tab, the corresponding income details row shall get deleted.
- The new data added shall always be appended to the existing one. It shall not overwrite.
Guidance for importing the data
In “CSV Template”, the data provided should comply with the below requirements:
- “Unique Identification No” field should be of a valid UIN format.
A valid UIN format should have “First Character should be "G" followed by 9 digits, next Financial year (eg: 201516) and TAN (First 4 alphabets, then 5 numeric and last alphabet)”. - “PAN of the Assesse” field should be of valid PAN format.
A valid PAN format should be “First 5 alphabets, next 4 numeric digits and then 1 alphabet”. - The drop down values of “Status” should be given as the simplified codes mentioned below:
Individual 1
HUF 2
AOP/BOI 3
AOP(trust) 4
Local Authority 5
Artificial Juridical Person 6
Co-operative Society 7
Co-operative Bank 8
Private Discretionary Trust 9
Instructions for filing Form 15G Basic Details
- The drop down values of “Residential Status” should be given as the simplified codes mentioned below:
Resident RES
Non Resident NRI
Resident but not Ordinarily resident NOR - “Previous year (P.Y) (for which declaration is being made)” field should be of valid YYYY format. (eg: if P.Y is 2014-15, it should be mentioned as 2014).
- The drop down values of “State” should be given as the simplified codes mentioned below:
- The drop down values of “Whether assessed to tax under the Income-tax act,1961” should be given as the simplified codes mentioned below:
YES Y
NO N - “If yes, last assessment year for which assessed” field should be of valid in YYYY format. (eg: if A.Y is 2014-15, it should be mentioned as 2014).
- “Estimated income for which this declaration is made” field should be “Numeric, Non- negative, Non- decimal and not exceeding 14 digits”.
- “Estimated total income of the P.Y. in which Estimated income for which this declaration is made to be included” field should be “Numeric, Non- decimal and not exceeding 14 digits”.
- “Total No. of Form No. 15G filed” field should be “Numeric, Non-negative, Non- decimal and not exceeding 4 digits”.
- “Aggregate amount of income for which Form No.15G filed” field should be “Numeric, Non-negative, Non - decimal and not exceeding 14 digits”.
- “Date on which Declaration is received (DD/MM/YYYY)” field should be of valid DD/MM/YYYY format.
- “Amount of income paid” field should be “Numeric, Non-negative, Non - decimal and not exceeding 14 digits”.
- “Date on which the income has been paid/credited (DD/MM/YYYY)” field should be of valid DD/MM/YYYY format.
The above information may be helpful for understanding of new concept of Form 15G or 15H which is applicable w.e.f. 1st October, 2015.