BAD NEWS FOR NON FILERS !! BE READY TO FACE 10 LAC IT NOTICE
PALASH (Nothing) (2000 Points)
19 June 2013PALASH (Nothing) (2000 Points)
19 June 2013
bujjulu
(e-TDS + IT return filer Hyderabad)
(731 Points)
Replied 20 June 2013
1 of my client received letter from the dept.
The fact is that he has submitted torm 15H to the bank..
The same is informed to the dept.
On enquiry with the bank the bank has not submitted 15H it to the dept. nor it has included these amounts in their quarterly return.
? would be the consequences.
PALASH
(Nothing)
(2000 Points)
Replied 20 June 2013
I don't know the detail back ground of your query ,, but , Any way,, as far as your query is concern,, I think, Bank can deduct TDS U/S 194I , IF AMOUNT OF INTEREST EXCEEDS OF RS . 10000/=..