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Unified Form 121 replaces 15G, 15H as TDS shield

India’s new Income-tax Act, 2025 has replaced Forms 15G and 15H with a single Form 121 for TDS exemption claims, effective April 2026. The form allows eligible resident individuals and HUFs with nil ...

Form 15G vs Form 15H explained: Who can submit these forms to avoid TDS on interest income?

Form 15G and Form 15H are self-declaration forms that allow eligible taxpayers to receive interest income without TDS ...
Mint

Income-tax returns: Form 121 replaces Form 15G, 15H — Who is eligible, where to download and how to avoid TDS, explained

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 ...

Confused about new Income Tax Act? CBDT answers biggest questions

People will not have to file two income tax returns during the transition to the new Income Tax Act, 2025. Most ongoing tax ...
The Free Press Journal

Why One Should File Form 121 To Receive Income Without TDS: An Overview

The Income-tax Act, 2025 has introduced several structural and procedural changes in tax administration in India. One of the important changes is the introduction of Form 121, which replaces the ...