Form 16a

416 views 2 replies

Hi

 

Being a TDS Dedutor , i have deducted the TDS on Interet paid on unsecured loan.But i had not deducted TDS in case of Lender has submiited FORM G/H. So at the time of Filing return through Tax cloud website , i had fill the details of the person(who submitted form 15g/h) as non deduction of TDS against prescribed form.

 

Now when i have downloaded form 16A, status of matching with OLTAS is indicating a legend  as 'U' , descripttion of which is indicating which actually not happens..

 

Please tell the consequence or required action against the mismatch.

Replies (2)
you were required to forward the form 15g/h to comm. of i.tax within time limit. if you have not forwarded it then this may be the reason for "U" in form 16a. otherwise the reason can also be any mistake while preparation of tds return.

Thanks Aditya sir, please tell what will be consequence if i dont take any action now?

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