From April 1, 2026, Form 121 will replace Form 15G and 15H, streamlining India's income tax declaration process.
Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...
The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enhances transparency and ensures better monitoring of tax ...
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