IF 15 G ISSUED THEN FILL DETAIL IN TDS RETURN?

This query is : Resolved

Report Abuse Follow Query Ask a Query

Alpesh

Alpesh (Querist)
Follow

14 May 2011 Hii,

If the party issue form 15 G for no deduction.So can we fill the detail in TDS return?

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
Follow

14 May 2011 If the party issues the form 15G / 15H, then there is no need to include it in TDS return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

14 May 2011 Yes the Details are required to be mentioned in TDS return. Rate will be 0% and reason for lower/ Nil deduction will be selected as form 15G/15H.

Upgrade to CAclubindia Pro. Subscribe Now!

Alpesh

Alpesh (Querist)
Follow

14 May 2011 But SIr, In that quarter there is no any other transaction & software are not accepting deductee detail without challan detail.

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
Follow

14 May 2011 There is no need to mention it in the TDS return, as i have said you earlier in my reply.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

14 May 2011 @ Amol Ji - Details are required to be mentioned in the same way as Details of Transporter are required to be mentioned in TDS return.

@ Alpesh - In case no challan in that quarter and no deduction you may even opt to not file the return or try to give challan details of any challan of earlier quarter and the return will validate.

Also see following link---

https://www.caclubindia.com/forum/transporter-details-in-tds-return-faq--111792.asp

U S Sharma

U S Sharma (Expert)
Follow

14 May 2011
Sec 197A
(2) The person responsible for paying any income of the nature referred to in sub-section (1) or sub-section (1A) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner one copy of the declaration referred to in sub-section (1) or sub-section (1A) on or before the seventh day of the month next following the month in which the declaration is furnished to him.