AI OPERATES INT’L CHARTER, CARGO FLIGHTS
NEW DELHI: The Income Tax Department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption from TDS on interest income to mitigate the hardship of people amid the Covid-19 crisis.
Forms 15G and 15H are filed by persons whose incomes are below the taxable threshold, to seek exemption from TDS on interest income.
These forms are usually submitted by taxpayers to banks and financial institutions in April.
In an order, the Central Board of Direct Taxes (CBDT) said the 15G and 15H forms submitted last fiscal will remain valid till June 30, 2020, since the Covid-19 pandemic has caused severe disruption in the normal working of almost all sectors of the economy, including banks and other institutions.
It said that in such a situation, some individuals may not be able to submit the forms timely and this would result in deduction of TDS even when there is no tax liability.
To “mitigate the genuine hardship” of such persons, the CBDT said: “In case if a person has submitted valid Forms 15G and 15H to the banks or other institutions for FY 2019-20, then these form 15G and 15H will be valid up to June 30, 2020, for FY 202021 also.”
While Form 15H is submitted by senior citizens, 15G can be filed by an individual whose taxable income is less than the exemption threshold.
In a separate order, the CBDT said the assessees who have filed application for issue of certificate for lower rate/nil deduction/collection of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) in 2019-20 fiscal to the I-T department will now have to intimate the Assessing Officer about the pendency of issue such a certificate via e-mail.
“The Assessing Officer shall dispose off the applications by April 27, 2020, and communicate to the applicant regarding the issuance/rejection of certificate vide email,” the CBDT said.
NEW DELHI: National passenger carrier Air India on Saturday mobilised massive resources to operate international charter and cargo flights.
Accordingly, the airline repatriated stranded foreigners from India and also brought back critical medical cargo from Shanghai.
“All these flights are being operated adhering to all safety protocol laid down by DGCA,” the airline said in a statement.
The airline is scheduled to operate 18 charter flights to fly back German, French, Irish and Canadian nationals stranded in India during the lockdown as requested by their respected embassies.
“While the Germans and French will be flown to Frankfurt and Paris, the other two nationalities will be taken to London Heathrow from where Canada and Ireland (governments) would be making further travel arrangements”, the statement said.
“These chartered flights started from 31st March with
While Form 15H is submitted by senior citizens, 15G can be filed by an individual whose taxable income is less than the exemption threshold
German nationals flying to Frankfurt. Earlier, AI had ferried Israeli nationals to Tel Aviv as well in a chartered flight.”
On Saturday, flights to London and Paris are being operated. Besides, the flag carrier on Saturday commenced the first cargo flights between Shanghai and Delhi.
“A charter cargo flight was also operated from Delhi to Shanghai today to fly in vital medical cargo from China to India,” the stateme nt said.
“Air India is also scheduled to operate some more cargo flights between Delhi and Shanghai till 9th April. These flights will bring critical medical equipment to India.” The airline will also be operating cargo flights to Hong Kong.
On the domestic front, the Air India Group has been transporting essential cargos throughout the country. Accordingly, the airline has operated 79 cargo flights between March 26 and April 3.
The flights, being operated regularly between the metro hubs -- Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai -- to the remote destinations of the North-east and other farflung areas of the country -- are reaching medical equipment and other essential items.