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CPC (TDS) reminder for raising Flag “B” in TDS Quarterly Statements against 15G/H Forms for FY 2013-14

CPC (TDS) has issued a reminder to the deductors regarding raising of Flag “B” in TDS Quarterly Statements against 15G/H Forms for FY 2013-14. 

The issued communication has been given below:

Dear Deductor,

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:

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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