Tds return

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Ankit Garg (Querist)
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11 May 2013 An individual has paid/ credited Rs. 15000 as interest and the deductee provide him Form 15G for non deduction of TDS.
Whether deductor/ payer has to file TDS Return in Form 26Q for that period?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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26 June 2013 You have to collect form No 15G in triplicate and that too before the due date of submission. The said form is to be deposited by you duly filled in all respects and verified in proper manner with the respective commissioner and ITO TDS. Otherwise you have to deduct the tax and fill up in the TDS return. In case the form is in complete in all respect and delivered in due time then no TDS and need not include in the return.