Bank branches are instructed as per notification issed on 24/10/2011 by the CBDT to entere the details of customers for whome TDS was not deducted based on the declarations in Form 15G and Form 15H under section 197(a) in the quarterly return.
The TDS software provided by the NSDL does not accept the zero amount in the Tax deucted and Tax paid coloum in Form no 26Q
please clarify this point
Flag “B” should be selected in case of 15G/15H for No deduction for declaration u/s. 197A. If threshold flag is provided then rate of deduction should be ‘0.0000’ and tax deducted/ deposited (deductee) amount should be ‘0.00’.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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