datta (commerce) (25 Points)
11 September 2015We are branch of Bank. During the Q2 FY 15-16 we have not done TDS as our customers has submitted form 15 G and 15 H.
Query 1) DO we need to give data in return regarding form 15 G and 15 H? 2) Do we need to file return for Q2 as there is no TDS 3) If we need to file return then what challan we should mention as there is no challan paid.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 September 2015
pankaj
(Practice)
(89 Points)
Replied 18 September 2015
My Opinion is
1) Send 15G and 15H forms that you have collected during months to AO upto 7th of Next month.
2) You have to raise flag B or mention details about 15G and 15 H in TDS return so file return with Nil Challan and not NIL Return, (so my opinion is different from Poornima Ji.)
Others Please comment so that we can clearify the issue.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 18 September 2015
I too agree with Pankaj. What I said is, in general, it is required to submit TDS return even if there are no transactions. In this particular case, it has to be shown in the return as mentioned by Pankaj.
CAclubindia
