TDS Return : particulars of 15G/15H persons
This query is : Resolved
08 June 2011
1. Whether the TDS return of the bank should contain the details of interest paid to the persons who have submitted form 15G/15H (although NIL tax is to be deducted on it?
2. If yes, whether PAN for those persons is mandatory or not ?
2. If yes, whether PAN for those persons is mandatory or not ?
08 June 2011
NO , SUCH DETAILS ARE NOT REQUIRED IN 26Q
*
DETAIL IS REQUIRED TO BE SUBMITTED ONLY FOR THE DEPOSITORS OF WHOM TAX IS DEDUCTED.
*
DETAIL IS REQUIRED TO BE SUBMITTED ONLY FOR THE DEPOSITORS OF WHOM TAX IS DEDUCTED.
Message likes :
1 times
11 June 2011
In E-tds 26Q return for 194A,in annexures while filling up deductee details there have a column wherein it is mentioned that give Reason for No Deduction / Lower Deduction:-
"A":-in case Non/Lower deduction when certificate( issued by Income Tax officer) is provided by deductee)
"B":-in case Non deduction when delaration (Self in the shape of 15G/15H) is provided by deductee)
So it is mendatory to give deatail of persons whom TDS is not deducted due to 15G/15H.
In answer of question 2, as 15G or 15 H is issued by IT deptt. same can not be issued to person who dont have PAN.
"A":-in case Non/Lower deduction when certificate( issued by Income Tax officer) is provided by deductee)
"B":-in case Non deduction when delaration (Self in the shape of 15G/15H) is provided by deductee)
So it is mendatory to give deatail of persons whom TDS is not deducted due to 15G/15H.
In answer of question 2, as 15G or 15 H is issued by IT deptt. same can not be issued to person who dont have PAN.
12 June 2011
Mr Mahendra Modi is correct and I must rectify myself subject to the reservation in case of banks where, there are a number of
depositors, it is not practicable for them to furnish such details which are of the lesser importance for the IT department.
Form No 15G and 15H are furnished by the depositors with the bankers, which in turn are deposited by the bankers with the department. The last date for depositing the forms with the ITD is 7th April next following the F Y
depositors, it is not practicable for them to furnish such details which are of the lesser importance for the IT department.
Form No 15G and 15H are furnished by the depositors with the bankers, which in turn are deposited by the bankers with the department. The last date for depositing the forms with the ITD is 7th April next following the F Y
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- Unregistered suppliers utility
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Capital gain on sale and purchase of plot
- Non-Compliance documents have not been submitted by the contractors debited
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
