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Tds deducted on my rd amount

Prudhvi (job) (5 Points)

02 May 2016

I am paying Rs.10000 to my RD(Recurring Deposit) account since Oct 2014 on monthly basis. TDS is deducted on amount which I have paid in the month of Mar 2016 from my RD account.

But the amount paid to RD account is already calucated with TDS by my employer. What should i do to return the amount which was deducted from RD account?

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4 Replies

CMA Hasmukh Golden Bind (Tax consultant and professional services) (27 Points)
Replied 02 May 2016

whether u gave your pan detail to your bank or not . if u gave then u will file your return for claiming refund

1 Like

Prudhvi (job) (5 Points)
Replied 02 May 2016

Sir,

PAN details are not linked with bank account. Can u please share me the process after linking PAN details with bank.

I mean should I get any certificate from Bank or statement is enough for filing returns

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 03 May 2016

TDS can not be decuted on principal deposited,

bank is entitled to deduct TDS on interest accured.

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offer your pan card to bank for linking with your bank a/c(s) and ask them to issue TDS certificate mentioning your pan number, this will reflect in your 26AS and you will be eligible to claim refund of TDS after filing ITR

1 Like