Form 15G and 15H is a self declaration required to be furnished under section 197A (1) and (1A) of Income tax act 1961, for non deduction of tax on certain receipts like interest on fixed deposits.In certain cases, banks and financial institutions are required to deduct tax (TDS) on interest income as per the provisions of income tax act 1961.For instance, banks in … [Read more...] about Form 15G or 15H – Why, When and How to submit