How to claim tds?

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2013 I had an FD with a bank for 3 years. On initial deposit the amount was 90,000 and there was no liability of TDS on the same. Now in the 3rd year, the interest amount crossed 10,000 the liability of TDS was attracted. But since the bank did not have my pan no, so the tds was deducted @20% instead of 10. On contacting the bank, i was made aware of all this and the bank even refused to issue any tds certificate to me as my pan was not available..
Is there any way I can claim deduction of this TDS?

CA Prashant Gupta

CA Prashant Gupta (Expert)

14 March 2013 very tough situation

as bank was not on fault. you can tell them to revise return with your PAN. then you must bear return revise exp. now check how much is refund and how much is exp

second option ask bank to issue TDS certificate without PAN. for this you can't file online return. if you know somebody in income tax deptt of your area then in paper return he can help you to get refund.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

15 March 2013 Option Left is Just Approach Bank Officers to Revise Return.
I Think Bank Wont Help You. Because Revising Return is Very Tedious Task for Them.

Bank Cant Issue Form 16A Without Quoting PAN.It will Not Generate from TDSCPC.

Ask Bank Officers If They Ready to Revise, simultaneously apply for PAN, then You Quote PAN to them and rest as per Mr. prashant said.

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