Tds at higher rate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2011
Dear Experts
If a person who could not submit his pan card at any bank and because of that his tds deducted at higher rate.
Now subsequently he will submit the pan card than will he able to get credit of those tds deducted at higher rate??
will this tds shown in form 26AS???
Kindly help.
Thanks in advance.....
If a person who could not submit his pan card at any bank and because of that his tds deducted at higher rate.
Now subsequently he will submit the pan card than will he able to get credit of those tds deducted at higher rate??
will this tds shown in form 26AS???
Kindly help.
Thanks in advance.....
03 December 2011
In my view, if the bank makes rectification in its e-tds return by mentioning the PAN No.
credit of the same has to be given to the assessee. Logically, we can say that if PAN No is correctly mentioned , then higher credit should appear in his Form 26AS.
.
credit of the same has to be given to the assessee. Logically, we can say that if PAN No is correctly mentioned , then higher credit should appear in his Form 26AS.
.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2011
SIR THANKS A LOT FOR UR SUGGETION
But in our case the tds is related to month of the november and the return will be file for the said quarter in the month of january ok.
Now my que is if we provide the pan card copy in the month of december only then in that case do the entity (bank in our case) req to make revised retrun.
I am thinking that before they file return of the said quarter we will provide copy of pan card than in that case tds will be shown automatically in clients 26AS. Is it true???
Am i right?
Kindly rectify me if m wrong......
again thanks a lot for giving me ur valuable time......
But in our case the tds is related to month of the november and the return will be file for the said quarter in the month of january ok.
Now my que is if we provide the pan card copy in the month of december only then in that case do the entity (bank in our case) req to make revised retrun.
I am thinking that before they file return of the said quarter we will provide copy of pan card than in that case tds will be shown automatically in clients 26AS. Is it true???
Am i right?
Kindly rectify me if m wrong......
again thanks a lot for giving me ur valuable time......
27 July 2025
Here’s how it works regarding **TDS deduction at higher rate due to non-submission of PAN** and later submission of PAN:
---
### 1. **Why is TDS deducted at higher rate?**
* If a deductee does **not provide PAN** to the deductor (e.g., bank), then TDS is deducted at a **higher rate (20% or as per Section 206AA)** instead of the normal rate.
---
### 2. **Can you get credit for higher TDS deducted after submitting PAN?**
* **Yes**, you can get credit for the TDS deducted at the higher rate.
* Once you submit your PAN to the deductor, **the deductor can file a corrected/revised TDS return** mentioning your PAN.
* On filing this correction, the **TDS credit will appear in your Form 26AS** with correct PAN details.
---
### 3. **Regarding timing and revised TDS return:**
* If you provide PAN **before the deductor files the quarterly TDS return**, the deductor can include your PAN in the original return itself.
* Hence, if PAN is submitted in December and the quarterly return (for Nov-Dec-Jan quarter) is filed in January, the deductor can include the PAN in the **original return**, so no separate revised return is needed.
* If the return has already been filed without PAN, then a **revised return is required** to update PAN details.
---
### 4. **Effect on Form 26AS:**
* Once PAN is updated in TDS return, **Form 26AS will reflect the TDS deducted** against your PAN.
* You can then claim credit for TDS at the normal applicable rates while filing your income tax return.
---
### **Summary:**
| Situation | Action Required | Outcome |
| -------------------------------------- | ------------------------------- | -------------------------------------------- |
| PAN submitted before TDS return filing | Deductor includes PAN in return | TDS reflected in 26AS correctly |
| PAN submitted after TDS return filing | Deductor files revised return | PAN updated, TDS reflected correctly in 26AS |
| PAN not submitted at all | TDS deducted at higher rate | Higher TDS deducted, credit limited |
---
### **In short:**
* If PAN is submitted **before the return filing deadline**, no revised return is needed.
* TDS credit will reflect correctly in Form 26AS once PAN is updated.
---
If you want, I can help draft a mail/template for your bank to request PAN update or advise on follow-up with the deductor.
Need that?
---
### 1. **Why is TDS deducted at higher rate?**
* If a deductee does **not provide PAN** to the deductor (e.g., bank), then TDS is deducted at a **higher rate (20% or as per Section 206AA)** instead of the normal rate.
---
### 2. **Can you get credit for higher TDS deducted after submitting PAN?**
* **Yes**, you can get credit for the TDS deducted at the higher rate.
* Once you submit your PAN to the deductor, **the deductor can file a corrected/revised TDS return** mentioning your PAN.
* On filing this correction, the **TDS credit will appear in your Form 26AS** with correct PAN details.
---
### 3. **Regarding timing and revised TDS return:**
* If you provide PAN **before the deductor files the quarterly TDS return**, the deductor can include your PAN in the original return itself.
* Hence, if PAN is submitted in December and the quarterly return (for Nov-Dec-Jan quarter) is filed in January, the deductor can include the PAN in the **original return**, so no separate revised return is needed.
* If the return has already been filed without PAN, then a **revised return is required** to update PAN details.
---
### 4. **Effect on Form 26AS:**
* Once PAN is updated in TDS return, **Form 26AS will reflect the TDS deducted** against your PAN.
* You can then claim credit for TDS at the normal applicable rates while filing your income tax return.
---
### **Summary:**
| Situation | Action Required | Outcome |
| -------------------------------------- | ------------------------------- | -------------------------------------------- |
| PAN submitted before TDS return filing | Deductor includes PAN in return | TDS reflected in 26AS correctly |
| PAN submitted after TDS return filing | Deductor files revised return | PAN updated, TDS reflected correctly in 26AS |
| PAN not submitted at all | TDS deducted at higher rate | Higher TDS deducted, credit limited |
---
### **In short:**
* If PAN is submitted **before the return filing deadline**, no revised return is needed.
* TDS credit will reflect correctly in Form 26AS once PAN is updated.
---
If you want, I can help draft a mail/template for your bank to request PAN update or advise on follow-up with the deductor.
Need that?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Two pancard
- Transfer of MF
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we claim ITC in 28%
- Can we claim RCM ITC paid on Gst audit of earlier years,
- Wrongly goods delivered to other state
- CA Final exam Form
- Registration of partnership firm maharashtra
- Spice form, ? mark comes in address
- E bike purchase can get input in GST
- Interest on borrowed capital rental income
- TDS APPLICABILITIY
- Issue with PTEC Registration – PAN Already Used
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
