Tds deducted on even receiving 15h
This query is : Resolved
16 December 2011
tds deducted on even submitting 15h
CA PARAS BAFNA
(Expert)
16 December 2011
Penalty can be imposed.
But not on bank, for doing the things rightly. Yes, it can be imposed on the depositor , who has knowingly furnished a false declaration vide Form 15H, that his income is below the taxable limit.
Now... decide...yourself, who can be penalised.
But not on bank, for doing the things rightly. Yes, it can be imposed on the depositor , who has knowingly furnished a false declaration vide Form 15H, that his income is below the taxable limit.
Now... decide...yourself, who can be penalised.
17 December 2011
dear we submitted this form at starting of year and made thes fds on 1st april, at dat time v wer of the view that v will withdraw this fds in second quarter bt our plan changed.and in order to pay tax v even deposited advance tax in september and december.
please consider this and now tax liability for year stands at 19000 bt v have deposited 15000 advance tax and bank has deducted 16000 .
please consider this and now tax liability for year stands at 19000 bt v have deposited 15000 advance tax and bank has deducted 16000 .
CA PARAS BAFNA
(Expert)
19 December 2011
You can claim refund of the excess prepaid taxes. Govt. provides 0.5% Interest p.m. from the end of the PY.
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