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Deductor denied for correction etds return for updating pan

HIMANSHU SHARMA (STUDENT) (117 Points)

06 September 2014

Bank have deducted TDS of Rs. 70000/- and at the time of filling of ETDS return wrong PAN Filed, due to which TDS Credit not shown in my 26AS, I requested with bank to rectify the return and updated PAN, but bank have denied for filling the correction.

Pelase give your valuable advice, how i claim My TDS.

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7 Replies

CA Ashish K Bansal (partner) (175 Points)
Replied 06 September 2014

You should complaint to ito tds of your city anf banking ombudsman to direct the bank to file the revised etds return to correct the pan

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 07 September 2014

agreed with above.

i also want to add that it is a must for the deductor to update his tds return as well otherwise the same amount shall also be demanded from him by the tds circle

Muralidharan (Self Employed) (1034 Points)
Replied 07 September 2014

Dear Mr.Himanshy Sharma

There is no need for the Bank to file a correction statment. They can simply log into tdscpc website and correct / rectify the wrong PAN. This is called online PAN correction. Please visit tdscpc website and read the FAQ provided. Once you understand the same, please approach the Bank and inform them to correct the wrong PAN.

with regards

Muralidharan

Ravinder Grover (CA) (83 Points)
Replied 07 September 2014

Write a letter to branch manager andcget it signed and stamped...after that wait for a month if no reponse write a letter to banking ombudsman as suggested earlier...they can revise it online i agree but they will do it only when they want to do it .. But with written request proof they are bound to file correction ..othrwise u can do the damage to branch via banking ombudsman....i have done this earlier that's why i m suggesting...branch manager will instruct only after ur written request for the same

Sanjaykumar Sharma (Partner) (21 Points)
Replied 07 September 2014

It is obligation of bank to procure correct PAN number and file correct return or revised returns thereof. Pl. Submit an application with Branch Manager if issue does not resolve this will constitutes deficiency in service to customers you can file complaint with District Consumer Forum and can claim compensation for mental torture

KIRAN (-) (22 Points)
Replied 07 September 2014

And what if the bank has wrongly credited the interest amount for eg. Mr A is NRI liable for TDS @ 30℅ say interest income Rs. 1,00,000 and bank has deduct TDS correctly I.e Rs.30000 but at the time of filing TDs return it consider interest income as 3,00,000 TDs rs 30000 In this case Mr.X income in 26 AS reflected as rs 300000 which is not correct Please suggest solution in this case