Form 121 Replaces Form 15G & 15H from April 2026: A Major Shift in TDS Compliance Framework
From April 1, 2026, Form 15G and 15H are being replaced by a unified Form 121 under new tax rules. The move simplifies TDS exemption declarations for taxpayers with nil tax liability, bringing a single, streamlined compliance system.
TaxSocial Editorial Team
@taxsocial_editorial
This is the byline for articles produced by TaxSocial's own editorial desk rather than by an individual contributor. Every article under this name is written from the primary source — the Act, the rules made under it, the gazette notification, the circular or the judgment — and is checked against that source before it is published. Articles carry the date they were published and are updated when the law moves. How we work, and how to report an error, is set out on the Editorial Team page.