Thursday, 21 August 2014

CPC (TDS) reminder for raising Flag "B" in TDS Quarterly Statements against 15G/H Forms for Fin.Year 2013-14

Dear Deductor (TAN XXXXXXXXXX),
As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made on the interest payments made to them.

However , it has been observed in your case that you have not raised Flag 'B'(No deduction on account of 15G/H) even against a single transaction as reported in the TDS Statement(s)(Form 26Q) submitted for various quarters of Financial Year 2013-14.

It is highly improbable that not even a single depositor has submitted form 15G/H to you for non-deduction of tax on the interest payments. Accordingly, you are advised to take the following action:

Actions to be taken:
  • Check the details of 15G/H cases from your source data.
  • Download the Conso File from our portal. Please use the e-tutorial for necessary help.
  • Prepare the correction statement with appropriate changes. Please ensure that the TDS Deposited amount equals the TDS Deducted amount in your correction statement.
  • Submit the Correction Statement at TIN Facilitation Centre.
For any further assistance, you can also write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.

CPC (TDS) is committed to provide best possible services to you.

CPC (TDS) TEAM

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