Tds - raising of flag b for non deduction for 15 g.
This query is : Resolved
Ajit Aursang
(Querist)
12 October 2014
Hello,
We are filing the TDS Return for a BANK. We have received a mail from CPC that we have not declared any 15g/h transactions for FY 13-14. And also informed to raise Flag B for such transactions in Q2 of 2014-15.
Are we required to Raise Flag B for the transactions of FY 2013-14 while filing the Q2 statement of 2014-15. Is it possible to do so? Or is there any other ways to declare such transactions Now (Probably with No penal Provisions)??
Plz solve our Prob Soon,
Thank You,
We are filing the TDS Return for a BANK. We have received a mail from CPC that we have not declared any 15g/h transactions for FY 13-14. And also informed to raise Flag B for such transactions in Q2 of 2014-15.
Are we required to Raise Flag B for the transactions of FY 2013-14 while filing the Q2 statement of 2014-15. Is it possible to do so? Or is there any other ways to declare such transactions Now (Probably with No penal Provisions)??
Plz solve our Prob Soon,
Thank You,
Nikhil Kaushik
(Expert)
12 October 2014
this is the way you report 15G/H transactions. and it attracts no penalty.
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