Tds deducted @20%

Actually I had a fixed deposit in a bank , amount of rupees 200000 , I am a farmer and my yearly income is below than tax limit ,so I did not file income tax return yet . my problem is that the bank has deducted tds @ 20% on the interest because i have not provided my pan number there . so my question is that whether still i can get that amount as refund ? . if yes then what is the procedure .. The bank  give me form 16A with the detail of challan numbers ,

so experts please suggest me ..

thanks

Interest paid by banks of Rs.10,000 and more are liable to deduct TDS at 10% and if no PAN is provided by A/c holder, TDS will be deducted at 20%.

Assessee can claim the refund of amount deducted by filing Income tax returns.

Hope this reply satisfied you.

For Filing Income tax returns holding of PAN No is must. Please apply for it

Has bank given u FORM 16A??  If yes, U can get Refund. U need to Get a PAN number immediately with that process ur IT Returns & claim Refund

First collect Interest Certificate/ TDS Certificate from ur bank & then submit the return; claiming the TDS deducted amount as refund .

Further when ur returned is processed you will find a letter enclosed therewith urging u  to produce the TDS Certificate...Present the Certificate & collect the Cheque...

n hey Champ...if u dont want all this litigations in ur next Financial year; do submit Form 15G to ur banker (at earliest)

yes bank has provide 16 A to me ,and  I have already received my pan card few days before , but when i am registering for online return , in form 26as it is not showing that tds amount , so should i file mannual return or online ??

Online...

thanks mr. Pk jain for ur quick reply , as u said  you will find a letter enclosed therewith urging u  to produce the TDS Certificate...Present the Certificate & collect the Cheque...so i want to now that where , how and when i have to submilt or disclose those certificates ?? 

should i attach a copy of those with the acknowledgement of ITR , and send those to banglore . ?

Its better to File manual returns since u dont hav tax credit reflected in 26AS, U can file manual return & get acknowledgement so it wil be easy for follow up.

No sir,

u just file the return...

and after recieving the letter u will have to file an rectification letter u/s 154 to ur concerned circle/ ITO with original TDS certificates.

He will immediately issue a cheque...............

you just file ur return , with mentioning ur Pan no , name , 8 digit  receipt numbers of orginal quarterly statements of TDS under subsection (3) of section 200 provide in ur form 16 A , on the basis of above information ur AO can  easily process ur refund.