Senior Citizens Savings Scheme, 2004 - Acceptance of Form 15-G from the Nominees

Investors under Senior Citizens Savings Scheme, 2004 (SCSS) are eligible to file Form 15-G and 15-H to claim exemption from TDS on the interest payable on the deposits under the said scheme.

Regarding this, CBDT has clarified that:

Circular Ref. No. DGBA.CDD.H-10566/15.15.001/2008-09

Central Board of Direct Taxes have now clarified, that nominee of the investors of SCSS can also produce 15-G form (declaration of non-deduction of tax from the amount of interest payable) at the time of payment after the death of the depositor.