Under the Income Tax Act 2025, the regulatory framework for seeking Tax Deducted at Source (TDS) exemptions has transitioned to a more streamlined architecture. The legacy requirements of Forms 15G and 15H have been consolidated into a single, unified instrument: Form No. 121. Engineered for taxpayers whose aggregate annual income remains below the basic exemption limit, this new form mandates enhanced transparency and data accuracy. Our comprehensive analysis details the 10 critical mandates governing Form No. 121, including revised eligibility thresholds, mandatory PAN authentication, and real-time digital filing protocols for FY 2026–27. Read more: https://sag-infotech.mozellosite.com/blog/params/post/5242833/10-key-points-form-121-replacing-forms-15g15h-nil-tax
","author_name":"Amit Gupta"}