Saturday, July 18, 2015

Re: [aaykarbhavan] Re: {Amresh's CA's} Form 15G & 15H colected by Banks



As per amended Income Tax Rules all the 15G/H entries and interest payments below the threshold limit have to be reported while filing TDS returns with separate flag raised. But still most of the banks have not upgraded their systems and are reporting only those entries on which TDS has been deducted.

Now there is penalty for incomplete information filing in TDS returns.  
 
Thanks and Regards.
CA. Neeraj Bansal ACA
N A V & CO
(Chartered Accountants)
SCO 40, 2nd Floor
Sector 47-D
Chandigarh

Phone: 0172-2634700
Mobile:+91-9888970276

Notice: The information contained in this e-mail message and/or attachments to it may contain confidential or privileged information. If you are not the intended recipient, any dissemination, use, review, distribution, printing or copying of the information contained in this e-mail message and/or attachments to it are strictly prohibited. If you have received this communication in error, please notify us by reply e-mail or telephone immediately and permanently delete the message and any attachments. Thank you




On Friday, 17 July 2015 9:18 PM, "Dipak Shah djshah1944@yahoo.com [aaykarbhavan]" <aaykarbhavan@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 J



On 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 out
information of Interest paid for customers
who have filed Form15G or 15H.
But, I saw that some Banks are uploading these data to
Income Tax Dept and the details are appearing in
Form 26AS.

Can some one enlighten me what is the exact method followed?
 
N.Udayasimha






__._,_.___
Posted by: NEERAJ BANSAL <caneerajbansal@yahoo.co.in>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)