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India’s tax compliance framework is set for a structural tweak with the introduction of Form 121, which replaces the widely used Form 15G and Form 15H. The shift, aligned with the upcoming Income-tax ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...

To make the process simpler and more streamlined for individuals and senior citizens, the government has merged Forms 15G and 15H into a single Form No. 121 under the Income ax Rules, 2026. Taxpayers ...

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