Interest received from bank by co.operative housing society

manish patel (Querist) 17 December 2015 This query is : Resolved
An Assesse,Co.Operative Housing Society (non trading association) has received interest income from bank more than Rs.10,000/-. Current financial year is first financial year of this society. Now it has no any taxable income of this year. Should Society given a TDS form no. 15-G & 15-H to the bank.?

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P. Venu (Expert) 18 December 2015
It is better the query is raised with CAclub of India.

Rajendra K Goyal (Expert) 18 December 2015
If any TDS was deducted, claim the same by filing tax return, if does not have taxable income.

K.S.Srinivas (Expert) 23 December 2015
Post this query on CAclubindia.com

T. Kalaiselvan, Advocate (Expert) 26 December 2015
Your auditor will be having a better and suitable answers to this question, he/she may be approached.

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