How to claim refund?

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Jenish (Querist)
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12 April 2013 My grandfather died on 24th August,2012. His TDS (On interest of Fixed Deposit)is deducted by Bank at 20% on 14th February,2013 because my grandfather has not provided his PAN to Bank. Now I want to claim the Refund of TDS. TDS credit is not available in 26AS because PAN was not given to Bank. His income for that year does not exceeds the basic exemption limit. Can I give PAN of him to bank after 15th April?? Will it help me to claim refund?? How can I claim refund and what is the procedure?? Please help...

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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12 April 2013 You are saying bank has deducted TDS on 14-2-2013 i.e in the last quarter of f.Y 2012-13. For last quarter to file 24Q due date is available upto 31st May, so bank may not be file 24Q at this time. So immediately submit PAN of your grandfather if available to the Bank and ask him update their documents and shall use at the time of filing of form 24Q(quarterly e-TDS return) after filing of e-TDS return by the bank with your pan number then it will be appear in form 26AS.

In case if the bank already filed e-TDS return then you request the bank and ask for revised return with the including your PAN details, TDS details etc.... because of with of filing of e-TDS return by the bank with your PAN and TDS deduction details it will not appear in form 26AS and with out appearing in form 26AS you couldn't get the refund of such TDS deducted amount.

After completion of the above process i.e after appearing of TDS amount in form 26AS file your grandfather's return by the legal heirs i.e by your ground mother if she alive or any one of the son of your grand father and claim refund of TDS deduction amount. My suggestion while filing of return of income of your grand father better to provide the details of legal heirs bank account and opt for ECS credit of refund because of if you choose manual then on manual check it indicates name and account number then you may face problems to get the credit of such cheque or to with drawn amount as per your convyance you make take action either manual cheque or ECS.

Note: If you fail to update your PAN and TDS details with the bank for filing of e-TDS return then you totally loose such TDS deducted amount and no way to get refund that. So most important thing to get the refund is has to file e-TDS return by the the deductor with the details of of PAN and TDS deduction and paid details.

OM SAI SRI SAI JAI JAI SAI

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