Pan furnished late

This query is : Resolved

PRAMOD KUMAR (Querist)
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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

Rupesh Jain

Rupesh Jain (Expert)
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05 May 2014 if return revised by bank then tds certificate will issue with already deducted tds amount.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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%