Recently , Indian Overseas Bank has started taking Fresh Form 15 G/H as and when FDR is renewed?? They say they want it???!!! They deduct T D S in next FDR Interest payment after three months from the date of renewal of FDR.
Shah D J
On Monday, 20 July 2015 1:32 PM, "Siddhartha Naik naik_dash@ymail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
Actually the Banks appointing persons to do TDS return filing work of bank branches are the people who does not know about TDS return properly or they don't know why 15G/H required to be submitted .In the age of technological advancement TDS returns should be finalise from Zonal level only and not from individual branch level.Depositors are more cosy relationship in branch level to avoid the deductible situation.S NaikOn Friday, 17 July 2015 8:48 AM, "Dipak Shah djshah1944@yahoo.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
I have seen the information given in 26 AS is contrary to the actual payment of interest in the book of Bank???!! When asked explanation , said ignore it and whatever the certificate given should be correct???!!
Shah D JOn Wednesday, 15 July 2015 10:35 PM, "Udaya Simha udaycomp78@yahoo.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
I am doing Tax audit of Branch of a Bank.It appears that the Branch is unable to cull outinformation of Interest paid for customerswho have filed Form15G or 15H.But, I saw that some Banks are uploading these data toIncome Tax Dept and the details are appearing inForm 26AS.Can some one enlighten me what is the exact method followed?N.Udayasimha
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Posted by: Dipak Shah <djshah1944@yahoo.com>
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