TDS

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S. G. GUPTE (Querist)
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24 July 2016 Assessee has Bank deposit. However it did not furnished PAN. Hence Bank deducted TDS @ 20%. It is needless to mention that it is not appearing in assessee's 26AS How assessee can claim this TDS ?

RAJ KUMAR NAHATA

RAJ KUMAR NAHATA (Expert)
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24 July 2016 The assessee will have to furnish his PAN to the Bank and request the Bank to file e-TDS correction statements in respect of the quarters in which the tax has been deducted. In the meantime he can file the return of income claiming the said amount of tax deducted. Once the Bank uploads his PAN in its correction statements 26AS of the assessee would reflect the tax deducted and refund can be obtained.

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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25 July 2016 Form 16A can be obtained and return can be filed by informing the bank regarding the PAN obtained subsequently

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