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Name of the Company. I'd Client I'd/ Folio No. INCOME RULES, 1962 1FORM NO. 15G See section 197A(1), 197A(1A) and rule 29C Declaration under section 197A(1) and section 197A(1A) to be made by an individual
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Online form no 15g is usually needed by individuals who wish to declare that they are not liable to pay tax on their income as per the provisions of the Income Tax Act, 1961 in India. It is primarily used by individuals who meet the eligibility criteria to claim tax exemption on certain types of income. This form helps in preventing the deduction of tax at source on such income. Generally, this form is applicable to individuals who fall under the lower tax bracket and anticipate that their total income will not exceed the basic exemption limit for the financial year.
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Online form no 15g is a declaration form required to be submitted by individuals to request exemption from TDS (Tax Deducted at Source) on specific income.
Individuals below the age of 60 years whose total income is below the taxable limit are required to file online form no 15g to request exemption from TDS.
To fill out online form no 15g, individuals need to provide their personal and income details accurately and submit the form electronically on the income tax department's website.
The purpose of online form no 15g is to declare that the individual's total income is below the taxable limit and request exemption from TDS on specific income.
The information that must be reported on online form no 15g includes personal details, PAN (Permanent Account Number), income details, and declaration that the total income is below the taxable limit.
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