Tax Duduction at Source Confusion and Solution for SCSS - POFinacleGuide
Tax Duduction at Source Confusion and Solution for SCSS - POFinacleGuide
- Every Year Form 15G/15H has to be filled for exclusion of deduction from SCSS A/c. We adopt every step but when interest runs, the TDS amount deduct from account. Then we have option of TDS reversal. If we want to escape from this extra activity, read carefully below step.
- Inquire for that account in CSCAM menu and check for Tax Form and Tax Category. If Tax Form is 15G or 15H and Tax Category is N- No tax then go to step 2. Otherwise the TDS will get deducted for the account as there is no tax form marked for the account.
- Check in HAFI menu for the latest modification on the accounts where table is GAM or GAC. Click on view details tab.
- Check for changes done for GAM and GAC by clicking again on view details tab. If Authorized On/By is greater than interest transaction date then TDS is deducted as Tax form and Tax category was attached after the interest run.
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