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April 14, 2016

How to fill new Form 15G with sample example-April 2016.

1. Name of Assessee (Declarant): Write the name as mentioned on PAN card.

2. PAN of the Assessee: Write your PAN number

3. Status: Individual / Hindu Undivided Family (HUF): As applicable in your case.

4. Previous year (P.Y.) (for which declaration is being made): It is one of the important column where people generally confused.Let understand the basic:

Calendar Year: Starts from 1st January & Ends on 31st December - e.g. 01-01-2016 to 31-12-2016
Financial Year (FY): Starts from 1st April & Ends on 31st March e.g 01-04-2016 to 01-03-2017
Assessment year (AY): For FY 2016-17, AY year will be 2017-18

5. Residential Status, 6. Flat/Door/Block No.,7. Name of Premises, 8. Road/Street/Lane, 9. Area/Locality,10. Town/City/District,11. State,12. PIN : These column are self explanatory, you need to fill up your address details

13. Email: fill up your e.mail id

14. Telephone No. (with STD Code) and Mobile No.: If, you donot have land line then just fill up the mobile number

15 (a) Whether assessed to tax under the Income-tax Act, 1961: Tick on Yes if assessed to tax under the provisions of Income-tax Act, 1961 for any of the assessment year out of six assessment years preceding the year in which the declaration is filed. or fill up no if not assessed under  the provisions of Income-tax Act, 1961

     (b) If yes, latest assessment year for which assessed: Mentione your latest assessment year in which you have filed income tax return.

16. Estimated income for which this declaration is made: Fill up the estimated income. e.g  in sample form Mr. Anand Kumar has fixed deposit in bank and will get interest of Rs 15,000/- Approx.

17. Estimated total income of the P.Y. in which income mentioned in column 16 to be included: In sample case Mr. Anand Kumar estimated Total income from business Rs.1,00,000/- and Rs. 15,000/- from Interest on FD. So, his Estimated total income became 1,15,000/- (Rs. 1,00,000/- Plus Rs. 15,000/-)

18. Details of Form No. 15G other than this form filed during the previous year, if any:

 Total No. of Form No. 15G filed: Fill zero if first time submitting in FY 2016-17
     Aggregate amount of income for which Form No.15G filed

19. Details of income for which the declaration is filed:
SL.No. ,Identification number of relevant investment/account,etc.Nature of income ,Section under which tax is deductible,amount of income: Fill up serially all the investment, e.g FD,MIS etc with their respective numbers,amount.

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