Pan furnished late
This query is : Resolved
PRAMOD KUMAR
(Querist)
05 May 2014
Dear Experts,
My client has not provided the PAN details to bank and they have deducted 20% Tax on interest.
Now, my client has given the PAN to the bank and they are going to revise the return.
My query is whether TDS Certificate will be issued for 20% amount or it will be issued for 10%.
If it is issued for 10%, whether the bank will give credit to deposit account to the extent of the balance 10%.
Thanks
My client has not provided the PAN details to bank and they have deducted 20% Tax on interest.
Now, my client has given the PAN to the bank and they are going to revise the return.
My query is whether TDS Certificate will be issued for 20% amount or it will be issued for 10%.
If it is issued for 10%, whether the bank will give credit to deposit account to the extent of the balance 10%.
Thanks
Rupesh Jain
(Expert)
05 May 2014
if return revised by bank then tds certificate will issue with already deducted tds amount.
05 May 2014
They will revise the return incorporating the PAN of deductee and TDS certificate will be issued for amount actually deducted which in likelihood will be 20%
Nikhil Kaushik
(Expert)
05 May 2014
tds deducted shall remain 20%.
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