The new Income-Tax Act (ITA) 2025, which came into force from last month (1 April), replaced the original Tax Deducted at Source aka TDS forms — Form 15G and 15H — with a single Form 121. Overall, the ...
New Income Tax Forms 2026: India’s income tax system has entered a new phase from April 1, 2026, with a sweeping overhaul of forms under the Income-tax Rules, 2026. The most visible change is the ...
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Form 121 replaces 15G, 15H to simplify TDS exemption
India’s new Income Tax Act, 2025, effective April 1, 2026, has replaced Forms 15G and 15H with a unified Form 121 for avoiding tax deducted at source (TDS) on eligible incomes. The new form removes ...
Starting April 1, 2026, senior citizens will see a key procedural shift in how they avoid Tax Deducted at Source (TDS) on their income. The long-used Form 15H will be discontinued and replaced by a ...
Tax rules 2026: In a major shift in tax compliance rules, Form 15H, long used by senior citizens to avoid TDS, has now been discontinued. Starting April 1, 2026, it has been replaced by a new, unified ...
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