Tds@20%-itr filing???

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Ankit (Querist)
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04 August 2012 An assessee had opted a special FD scheme in a bank, and provided a PAN copy for bank reecord in FY2011-12.

However in june 12, he receives a letter/certificate from bank that during FY2011-12, he has received amount of interest and tds has been deducted and deposite.Tax deduction rate is not specified but which is @20%, because bank offcial treat pan copy initially deposited to them treat it as ID proof and not updated bank record

And also for FY2012-13 Qtr 1, tds has been deducted @20%, because pan record is updated only in july 2012

My query is :
can assessee file his itr for AY2012-13 and claim tds without having TDS certificate and also there is no tds credit in his name in form 26AS

or
he should first ask for tds certificate from bank, then only he should file his itr?

CA Guru M

CA Guru M (Expert)
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04 August 2012 Dear Ankit,

Kindly note that without providing TDS deduction details like TAN, Name of the Deductor, TDS Amount & Challan no, BSR Code.

Hence first collect Form 16A from Bank. And claim refund if taxacle income is below Basic limit.

CA Guru M

CA Guru M (Expert)
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04 August 2012 Hope i reply is clarified your doubt if not.

Kindly let us know.

SANYAM ARORA

SANYAM ARORA (Expert)
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04 August 2012 No you can't without the certificate

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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04 August 2012 not possible without cirtificate

C.A Anshul Singhal

C.A Anshul Singhal (Expert)
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04 August 2012 yes agree with him

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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04 August 2012 Only and the best possible way to claim the refund is to get the TDS return revised from your deductor so that it will be dispalyed in the form No. 26AS. Thereafter, even if you do not get the form 16 then also claim can be made by you.

Ankit

Ankit (Querist)
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04 August 2012 Sir

ITR ask for Name, TAN, Amount of tds and amount claimed as maindatory.

Unique TDS certificate no and FY is not mandatory and assessee have bank tAN no and other mandatory details

Can assessee file itr without tds certificate because bank would either refuse or MIGHT creat problem/delay work as they have to file their revised tds return just for one customer

onr thing for sure is there is no tax credit in name of assessee in form 26AS for FY2011-12
I am not against law compliance but just asking for alternative

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 August 2012 The suggestion given by the expert CA CS Amit Kedia can only release you from this problem.
.
If the TDS is substantial show your readiness to pay the consultant's charges for revising the return. They will certainly help you. (A non -Anna method may work here).

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