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Veresham Bejugam   18 September 2021

Interest details without tds in 26 A S

When interest amount paid by a Bank is below rs 40000 and as per rule no tds is deducted whether these details will be reflected in. 26 A S even when there is no tds and whether the banker will issue Form 16 A even when there is no tds but interest paid is below rs 40000 ? Veresham


 5 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     18 September 2021

Yes. Bank are bound to report the interest paid/accrued in each quarter, even though they do not deduct TDS till the exemption limit.

Maninder Singh

Maninder Singh (STUDENT)     18 September 2021

Bank also issue interest certificate which is engough for filing ITR , Their is no need for form 16a ..
Veresham Bejugam

Veresham Bejugam   18 September 2021

Thank you sir. 26 AS. with regards to Union Bank of India is not updated till date.I think it will take time

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     19 September 2021

If no tds is deducted, 26as may not contain such transactions.

Veresham Bejugam

Veresham Bejugam   19 September 2021

Thank you madam 


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