CPC (TDS)
reminder for raising Flag "B" in TDS Quarterly Statements against
15G/H Forms for FY 2013-14
Communication Number
65 dated 06th August, 2014
As you
may be aware that the depositors submit form 15G/H to the bank for no deduction
of tax to be made on the interest payments made to them.
However, it has been observed in your case that you have not raised
Flag 'B'(No deduction on account of 15G/H) even against a single transaction as
reported in the TDS Statement(s)(Form 26Q) submitted for various quarters of
Financial Year 2013-14.
It is highly improbable that not even a single depositor has submitted form 15G/H to you for non-deduction of tax on the interest payments. Accordingly, you are advised to take the following action:
It is highly improbable that not even a single depositor has submitted form 15G/H to you for non-deduction of tax on the interest payments. Accordingly, you are advised to take the following action:
Actions to be taken:
·
Check the
details of 15G/H cases from your source data.
·
Prepare
the correction statement with appropriate changes. Please ensure that the TDS
Deposited amount equals the TDS Deducted amount in your correction statement.
·
Submit
the Correction Statement at TIN Facilitation Centre.
.
.
.
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