CA PRASAD KSHIRSAGAR (CA Practice ) (148 Points)
07 September 2015The provisions of Section 194A are to be tested in this question. Do the TDS apply to the Deposits of the Co-operative Societies with the Bank? In specific, what about the deposits of Co-op Housing Societies with the banks? Do the TDS provisions apply?
Miss Rinkal
(Student)
(1309 Points)
Replied 07 September 2015
Yes. TDS provisions do apply to CHS deposits with the bank
CA PRASAD KSHIRSAGAR
(CA Practice )
(148 Points)
Replied 07 September 2015
But practically many co-op banks are not applying TDS on deposits of Housing Societies. Now the question arises how do we take clear stand..
Kiran. S
(CTO)
(745 Points)
Replied 07 September 2015
15G form need to be submitted every year in April for that FY.
Miss Rinkal
(Student)
(1309 Points)
Replied 07 September 2015
@ CA PRASAD KSHIRSAGAR
Could you exaggerate your facts. As I m not able to get what you meant.
anand
(accountant)
(21 Points)
Replied 07 September 2015
Miss Rinkal
(Student)
(1309 Points)
Replied 07 September 2015
Yes Co-op. hsg. Soc also have a pan no and can file return under itr 5
CAclubindia
