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Form 3 cd tds detail
Dears
My assessee has complied provisions related to TDS.borrowers has submitted decleration in form no 15 g/h for non deduction of TDS .wheather we had to mention details in column no 21(b)(ii) details regading payment of interest and in which column details of 15 g/h shall be submitted.
Replies (2)
Not required.If deducted not paid or paid late need to mention.In this case not at all deducted.Not required to report the same.
Details regarding payment of interest on TDS in case of late deposit or non deduction should be given in point no. 34b and there is no requirement for furnishing the detail regarding 15g/h if there is no tds deducted in that particular section.
For example, if assessee paid interest on loan to 4 persons rs 10000 each and deducted tds in case of 3 person and not deducted in case of 1 person because he furnishes form 15 G. In this case file preparing Form 3cd in point no 34a gross amount u/s 194A should be 40000 and liability to deduct 30000 , amount on which tds deducted 30000 and amount of tds should 3000.
hence there is no need of separate details about 15g/h in form 3cd.
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