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Form 16a

TDS 394 views 2 replies

vivek somani

Accounts and taxation head

91 Points Joined November 2011

Being a TDS Dedutor , i have deducted the TDS on Interet paid on unsecured loan.But i had not deducted TDS in case of Lender has submiited FORM G/H. So at the time of Filing return through Tax cloud website , i had fill the details of the person(who submitted form 15g/h) as non deduction of TDS against prescribed form.

Now when i have downloaded form 16A, status of matching with OLTAS is indicating a legend as 'U' , descripttion of which is indicating which actually not happens..

Please tell the consequence or required action against the mismatch.

Replies (2)

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

you were required to forward the form 15g/h to comm. of i.tax within time limit. if you have not forwarded it then this may be the reason for "U" in form 16a. otherwise the reason can also be any mistake while preparation of tds return.