Saturday, July 18, 2015

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



No doubt why customers (depositors and borrowers) already slowly and steadily moving away from our dear Nationalised Banks.

Business and Patriotism not correlated by any logic.


On Sat, Jul 18, 2015 at 10:31 PM, Dipak Shah djshah1944@yahoo.com [aaykarbhavan] <aaykarbhavan@yahoogroups.com> wrote:
 

Recently I have received one complaint from one of the Customer of State Bank of India . He had one FDR for 5 years under cumulative interest scheme. State Bank of India deducted TDS every year from Interest Payment. Further to the same at the end of the 5 years of FDR further deducted TDS on all Interest payment made so far and all years including???!
What kind of Software they have and using ???!!
This is for your information.
Correspondence is going on with Chairman office of State Bank of India. How to rely on their software's of the Bank can be seen. Not only this but in the case of Bank of India Loss reporting this quarter has been downloaded and thrown  on Auditors???|!!!
Shah D J



On Saturday, 18 July 2015 11:26 AM, "rajesh popli rajesh_popli2003@yahoo.co.in [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:


 
The amendment is correct but it is to see that when bank audit is going on and in some of audit it being checked. mostly in audit this point is not checked
 
RAJESH POPLI- BHIWANI-



On Saturday, 18 July 2015 10:05 PM, "NEERAJ BANSAL caneerajbansal@yahoo.co.in [aaykarbhavan]" <aaykarbhavan@yahoogroups.com> wrote:


 
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



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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











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Posted by: CA Sudhir G Agrawal <casudhiragrawalindia@gmail.com>


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