FORM NO. 15-I Template Free Download India PDF/Word

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Title: FORM NO. 15-I Format

Need a reliable FORM NO. 15-I Format for declaring income from your shipping operations in India? Download our customizable legal template in PDF or Word format today and ensure seamless compliance with Income Tax Rules.

What is FORM NO. 15-I?

FORM NO. 15-I Format is an essential document prescribed under Rule 37 of the Income-tax Rules, 1962. It is specifically designed for non-resident assessees engaged in the business of operation of ships. This form allows you to furnish detailed particulars of income derived from the carriage of passengers, livestock, mail, or goods shipped from any port in India. Linked to Section 44B of the Income-tax Act, 1961, it enables the computation of deemed profits on a presumptive basis—typically 7.5% of the aggregate of freight or gross receipts.

This ready-to-use FORM NO. 15-I Sample simplifies the process for international shipping companies, ensuring accurate reporting to the Income Tax Department. Whether you're handling voyages to Indian ports or managing tonnage-based assessments, our FORM NO. 15-I Format is tailored for Indian tax compliance.

Why is FORM NO. 15-I Important?

Filing FORM NO. 15-I is crucial for non-residents to avoid disputes during tax assessments. Under Section 44B, it mandates reporting gross receipts from Indian shipping activities, preventing under-reporting penalties up to 300% of tax evaded. It supports claims for treaty benefits under DTAA (Double Taxation Avoidance Agreements) and ensures eligibility for deductions.

Using a professional FORM NO. 15-I Format saves time, reduces errors, and demonstrates compliance—key for audits by the Assessing Officer. In India's maritime trade hub, where shipping contributes significantly to the economy, accurate filing via this form is vital for smooth operations and financial planning.

Key Elements of FORM NO. 15-I Format

Our customizable FORM NO. 15-I Template includes all mandatory sections:

Assessee Details: Name, address, nationality, PAN/TAN (if applicable), and assessment year.
Ship Particulars: Name of ship, gross tonnage, number of days operated in India, voyage details.
Income Computation: Aggregate freight/gross receipts from Indian ports, deemed profits calculation (7.5% rate), adjustments for operating expenses.
Tax Details: Tax payable, advance tax paid, TDS deducted (if any), and net tax liability.
Declarations and Certifications: Signed by authorized signatory with date and place.

These elements ensure your FORM NO. 15-I Sample meets court/company requirements and Income Tax Department standards.

Who Should Use FORM NO. 15-I?

This legal template is ideal for:

Non-resident ship owners and operators calling at Indian ports.
International shipping lines, charterers, and liner conferences.
Businesses in maritime logistics, cargo handling, or passenger shipping.

Common use cases include oil tankers, container ships, bulk carriers operating between India and foreign ports, especially in trade routes via Mumbai, Chennai, or Kandla ports. Even under the tonnage tax regime (Sections 115V to 115VZC), elements of this form aid transitional reporting.

Benefits of Our FORM NO. 15-I Download

Ready-to-Use: Instant access in PDF/Word format for free download or premium customization.
SEO-Optimized & Compliant: Updated for latest Indian tax laws.
Time-Saving: Fill, print, and file without hassle.
Professional Look: Builds trust with tax authorities.

Download Your FORM NO. 15-I Format Now!

Get started with our FORM NO. 15-I Sample today! Choose the free download for basic needs or opt for paid customizable versions with AI-assisted edits or legal review. Perfect for businesses seeking a legal template that's fully adaptable.

Important Note

While our FORM NO. 15-I Format is a high-quality, ready-to-use resource, it should be customized to your specific situation. Always consult a Chartered Accountant or tax lawyer for personalized advice, as this is not a substitute for professional legal services. Explore related templates like Form 15G, TDS certificates, or Section 44B computations for comprehensive tax compliance in India.

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FORM NO. 15-I

Non-Judicial

FORM NO. 15-I

[ See rule 29C(3A) ]

Declaration under section 197A(1) of the Income Tax Act. 1961, to be made by

an individual claiming receipt of any amount referred to in clause (a) of

sub section (2) of section 80CCA without deduction of tax.

I ____________________________________________________________________________________ *son/daughter/wife of ___________________________________________________________________ resident of @ ________________________________________________________ do hereby declare - 1.

that the particulars of my account under the National Savings Scheme and the amount of withdrawal are as under : Particulars of Post Office where the account under the National Savings Scheme is maintained and the account number	Date on which the account was opened	The amount of withdrawal from the account.


2. that my present occupation is ________________________________ 3. that the tax on my estimated total income, including the amount referred to in clause (a) of sub-section (2) of section 80CCA, mentioned in paragraph 1 above, computed in accordance with the provisions of the Income Tax Act, 1961, for the previous year ending on _________ relevant to the assessment year 19_______ - 19_______ will be nil. 4. *that I have not been assessed to income tax at any time in the past but I fall within the jurisdiction of the Chief Commissioner or Commissioner of Income Tax ________________ OR that I was last assessed to income tax for the assessment year 19____ - 19_____ by the Assessing Officer ________________________________________ Circle/Ward/District and the permanent account number allotted to me is ___________ 5.

	that I am resident in India within the meaning of section 6 of the Income tax Act, 1961. ______________________________ Signature of the declarant

Verification
I _______________________________________________________ do hereby declare that to the best of my knowledge and belief what is stated above is correct, complete and is truly stated. Verified today, the _________________ day of __________19 __________

Place ____________________	_______________________________ Signature of the declarant

(Cont. 2)

(Form 15-1)

Notes :

1. 2. 3. 4. 5.	@ Give complete postal address. The declaration should be furnished in duplicate. *Delete whichever is not applicable. Before signing the verification, the declarant should satisfy himself that the information furnished in the declaration is true, correct and complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income tax Act, 1961, and on conviction be punishable - i. in a case where tax sought be evaded exceeds one lakh rupees, with rigorous imprisonment which shall not be less than six months but which may extend to seven years and with fine. ii.

in any other case, with rigorous imprisonment which shall not be less than three months but which may extend to three years and with fine.

_____________________________________________________________________________________

(Form 15-1)

[FOR USE BY THE PERSON TO WHOM THE DECLARATION IS FURNISHED]

1. Name and address of the person responsible for paying the amount referred to in clause (a) of sub-section (2) of section 80CCA. 2. Date on which the declaration was furnished by the declarant. 3.

Amount and date of withdrawal from account number _______ under the National Savings Scheme. Forward to the Chief Commissioner or Commissioner of Income-tax ______________

Place Date	Signature of the person responsible for paying any amount referred to in clause (a) of subsection (2) of section 80CCA,

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Frequently asked questions

What is Form No. 15-I?→

Form No. 15-I is a certificate under Rule 37BA(3) of the Income Tax Rules, 1962, issued by deductors to deductees for tax deducted at source on incomes taxable at special rates like lottery winnings or capital gains in India.

Who should use Form No. 15-I?→

Deductors (payers) deducting TDS at special rates on specified incomes must issue this legal form to deductees to enable them to claim tax credit during ITR filing in India.

Is Form No. 15-I legally valid in India if downloaded online?→

Yes, Form No. 15-I downloaded from the official Income Tax Department website or reliable sources is legally valid for use across India.

In what format can I download Form No. 15-I?→

Form No. 15-I is available for free download in PDF format from the Income Tax e-filing portal; customizable Word templates are offered by legal document providers.

Can I edit or customize Form No. 15-I?→

Yes, you can edit details such as names, PAN, amounts, and dates in a Word version of Form No. 15-I, ensuring it complies with Indian Income Tax regulations.

Does Form No. 15-I require stamp duty or notarization?→

No, as a statutory Income Tax certificate, Form No. 15-I does not require stamp duty, court fee, or notarization; it is valid with the deductor's signature.

FORM NO. 15-I

Non-Judicial

FORM NO. 15-I

[ See rule 29C(3A) ]

Declaration under section 197A(1) of the Income Tax Act. 1961, to be made by

an individual claiming receipt of any amount referred to in clause (a) of

sub section (2) of section 80CCA without deduction of tax.

I ____________________________________________________________________________________ *son/daughter/wife of ___________________________________________________________________ resident of @ ________________________________________________________ do hereby declare - 1.

that the particulars of my account under the National Savings Scheme and the amount of withdrawal are as under : Particulars of Post Office where the account under the National Savings Scheme is maintained and the account number	Date on which the account was opened	The amount of withdrawal from the account.


2. that my present occupation is ________________________________ 3. that the tax on my estimated total income, including the amount referred to in clause (a) of sub-section (2) of section 80CCA, mentioned in paragraph 1 above, computed in accordance with the provisions of the Income Tax Act, 1961, for the previous year ending on _________ relevant to the assessment year 19_______ - 19_______ will be nil. 4. *that I have not been assessed to income tax at any time in the past but I fall within the jurisdiction of the Chief Commissioner or Commissioner of Income Tax ________________ OR that I was last assessed to income tax for the assessment year 19____ - 19_____ by the Assessing Officer ________________________________________ Circle/Ward/District and the permanent account number allotted to me is ___________ 5.

	that I am resident in India within the meaning of section 6 of the Income tax Act, 1961. ______________________________ Signature of the declarant

Verification
I _______________________________________________________ do hereby declare that to the best of my knowledge and belief what is stated above is correct, complete and is truly stated. Verified today, the _________________ day of __________19 __________

Place ____________________	_______________________________ Signature of the declarant

(Cont. 2)

(Form 15-1)

Notes :

1. 2. 3. 4. 5.	@ Give complete postal address. The declaration should be furnished in duplicate. *Delete whichever is not applicable. Before signing the verification, the declarant should satisfy himself that the information furnished in the declaration is true, correct and complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution under section 277 of the Income tax Act, 1961, and on conviction be punishable - i. in a case where tax sought be evaded exceeds one lakh rupees, with rigorous imprisonment which shall not be less than six months but which may extend to seven years and with fine. ii.

in any other case, with rigorous imprisonment which shall not be less than three months but which may extend to three years and with fine.

_____________________________________________________________________________________

(Form 15-1)

[FOR USE BY THE PERSON TO WHOM THE DECLARATION IS FURNISHED]

1. Name and address of the person responsible for paying the amount referred to in clause (a) of sub-section (2) of section 80CCA. 2. Date on which the declaration was furnished by the declarant. 3.

Amount and date of withdrawal from account number _______ under the National Savings Scheme. Forward to the Chief Commissioner or Commissioner of Income-tax ______________

Place Date	Signature of the person responsible for paying any amount referred to in clause (a) of subsection (2) of section 80CCA,

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