REFUND OF TDS ON NO PAN FURNISHED CESES

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This query is : Resolved

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A user's bank incorrectly deducted TDS at 20% under a 'No PAN furnished' case, even though their PAN is linked. The bank suggested filing their Income Tax Return (ITR) without reflecting the TDS in Form 26AS, promising to provide proof later. Other users advised asking the bank to revise their TDS return to include the correct PAN, as revising the ITR after year-end is problematic.

Muhammed Shuhaib K

Muhammed Shuhaib K (Querist)

28 September 2024 My banker has deducted TDS on cash withdrawal at 20% and filed the same under No PAN furnished case eventhough my PAN has been properly linked with my bank.

Now the bank branch says they raised a complaint on this to correct the issue and advised to file the ITR without reflecting TDS in 26AS and bank will provide necessary proof on further enquiry by income-tax.

Is that a good option to do so... please share your valuable advices.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

28 September 2024 No.
Ask them to revise the TDS return with your PAN linked to the TDS entry.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 October 2024 Good luck ....

Muhammed Shuhaib K

Muhammed Shuhaib K (Querist)

12 October 2024 Thank you for your reply, sir
I have been in contact with the bank about the issue, It still hasn't reflected in my 26AS. I’m waiting for it to be corrected.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

12 October 2024 Inform them that you cannot revise the return after the year end.

Muhammed Shuhaib K

Muhammed Shuhaib K (Querist)

14 October 2024 Sure, I'm in contact with the bank.

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