Tds@20
This query is : Resolved
16 April 2015
It has been mandated by the income tax department to deduct Tds @20 if the person has not submitted his pan.Now my query is if at all the person applies for his PAN and received it during the year and would like get his Tds refund (taking into consideration that his limit is not taxable) how can he claim the same. As the person cannot find himself in TRACES as his account has not been created at the time of deduction of TDS.how the income tax cross verifies and parks the Same amount when it receives TDS of persons not having or not quoting the PAN!Thanks in Advance Sai Prashanth
16 April 2015
Without tds return correction you can't able to take credit of tds deducted. So you have to persue company to revise there return by incorporating you PAN so that credit will come under 26AS. Thats the only way you can take credit of TDS deducted by company.
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