15 g/h

 co-oprative banks paid interest to customer rs. 10000 without deducting tds on dated 15/**/2014,

and recieved 15G fron customer on dated 30/**/2014.

whats will be the consequences of such type of activity.

 

thanks

 

 

Replies (4)

No consequences

What is time period. Of submit 15G after recipt of interest??

Time period of submission of form 15g/h is in the statrting of fiscal year.

15g/h is to be filled up if interest exceeds 10000 But in your case interst is not exceeding 10000 so no consequences. 

Time period of submission of form 15g/h is in the statrting of fiscal year.

15g/h is to be filled up if interest exceeds 10000 But in your case interst is not exceeding 10000 so no consequences. 

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