Covid-19: CBDT extends time for depositors to file 15G, 15H forms

Covid-19: CBDT extends time for depositors to file 15G, 15H forms

The Central Board of Direct Taxes (CBDT) has clarified in a circular issued on April 3 (Friday) that Forms 15G and 15H submitted to banks for financial year 2019-20 will be valid up to June 30.

Normally, depositors have to submit the forms if tax at source is not to be deducted by banks while paying/crediting interest on the deposits. In the normal course, for financial year 2020-21, they would have had to submit the forms April 1, 2020, before the date when the interest becomes due.

https://www.thehindubusinessline.com/economy/co...