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.
CA Nisha Agarwal
@ca_nisha
CA
Chartered Accountant | GST & Income Tax | Jaipur | 8 years in practice