Rohan (employee) (45 Points)
24 May 2009While filing e-tds return 26 Q - ( quaterly ) for a firm... having depositors to whom payment has been made with no deduction of tax ( u/s. 194 A ) as 15 G / 15 H were given by depositors .....do we need to fill up the details of these depositors (no deduction - 15G/H) in the e-tds return 26 Q ??
thank u
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 25 May 2009
Mr Rohan
In form 26Q only that party's details is required on whom TDS is deducted & paid . In case party is exempt from TDS then no need to file his details on te QTRLY return ...............
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 25 May 2009
If there is no deduction of TDS then no ned to fill in details.
Rohan
(employee)
(45 Points)
Replied 25 May 2009
thanku all of u ....
I just need to clarify... because in e-tds 26Q return for 194A---- in annexures while filling up deductee details they have a column ( col.428/25 ) wherein it is mentioned that give Reason for No Deduction / Lower Deduction ( select A - u/s.197 and B - u/s.197A )....
so do we need to give details of depositors ( no tax deducted as received 15G/15H from them ) in the annexure and select B or we can just fill up details only of the deductees for whom tax has been deducted.
Ankit
(NA)
(38 Points)
Replied 25 May 2009
you should qoute in e-tds return that because of receiving 15G/15H from these deductors no tds has been deducted.........
Ankit
(NA)
(38 Points)
Replied 25 May 2009
you need not to fill these details if the deductee remains exempt from TDS even if he/she has not filed 15G/15H with the deductor....i.e. if the payment to deductee is out of the ambit of qualifying requiremnts of tds deduction....
but if the deductee is enjoying exemption only due to forem 15G/15H then you need to fill up the details....
CA Pankaj Khandelwal
(CHARTERED ACCOUNTANT)
(95 Points)
Replied 26 May 2009
no deduction of TDS,no ned to fill in details
Ajay Pandey
(Accounts & Finance)
(51 Points)
Replied 13 July 2010
I also have the same Query related to Transporter with 0% Tds due to new Rule from 1st Oct 2009.
Should i have to furnish the details of Transporter in a Querter 1
Regards,
Ajay Pandey
Pankaj Adukia
(Partner)
(47 Points)
Replied 25 September 2010
For 15G or 15H
It need not be mentioned in eTDS Return form no. 26Q
Below is the link for the same
https://tin-nsdl.com/faqeTDSPreparation.asp
Should I file copies of certificate for no deduction or concessional deduction of tax along with the e-TDS/TCS return?
CAclubindia
