My friend wrongly submitted form 15H when he had taxable income. Hence no TDS was deducted by bank on interest.
To rectify this can he pay the TDS amount as advance tax for the current financial year. Or is there any other remedy.Please suggest.
Menu
Form 15h wrongly given
Replies (4)
Sir,
So far as I understand, if a person wrongly submits Form 15G/H even if having taxable income, there can be prosecution intiated against him but no penalty is imposed. Generally, dept does not go for prosecution for such cases and as there is no monetary penalty provision for this, you need not to worry much. Paymen of advance tax would stop 234B&C.
Banks are not giving tds cert.in time then what to do.
Banks are not giving tds cert.in time then what to do.
Banks are not giving tds cert.in time then what to do.
Recent Topic
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
Related Topics
CAclubindia
