Interest on fd for amount received under motor vehicle claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2014 Assessee father had met with an accident some 10 years back, court awarded equal compensation to assessee and his mother. Assessee being minor at that time court arranged for FD in some bank for assessee amount of cliam.

Now assessee being major have received the amount from bank. Bank deducted TDS for all the years.

Question is how to claim TDS refund now. As assessee is just 18 years old and just obtained PAN. No retun of minor is filed.

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 December 2014 then file a return and claim tds in it.

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2014 But there is no TDS as per form 26AS since assessee has just obtained PAN and bank has deducted TDS at 20% (maximum Rate)

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2014 But there is no TDS as per form 26AS since assessee has just obtained PAN and bank has deducted TDS at 20% (maximum Rate)

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 December 2014 yes in case of non tds it is 20% so u can claim full amount even in this case by filling return of income.

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