Tds certificate
This query is : Resolved
15 June 2015
I HAD FDR IN BANK, 1 FDR MATURED IN FEB-15& 2 FDR MATURED IN MAR-15,DUE TO NOT AVAILABLE OF PAN CARD TDS WAS DEDUCT @ 20%,
BUT AT THE END OF MAR-15 I HAVE SUBMITTED THE PAN CARD.BUT BANK ISSUE TDS CERTIFICATE FOR MAR-15 FDR TDS ONLY,
FOR FEB-15 THEY TOLD ME" WE CAN NOT ISSUE TDS FOR FEB-15 FDR DUE TO NON AVAILABLE OF PAN CARD.
SO I WAN'T TO KNOW IF I HAVE SUBMITTED THE PAN CARD BEFORE THE QUARTERLY RETURN & THEY ARE ISSUING TDS CERTIFICATE FOR 2 FDR BUT THEY DON'T ISSUE CERTIFICATE FOR I FDR INTEREST TDS WHICH IS BELONG TO SAME QTR . PLEAS TELL ME THE RULE WITH IT SECTION.
BUT AT THE END OF MAR-15 I HAVE SUBMITTED THE PAN CARD.BUT BANK ISSUE TDS CERTIFICATE FOR MAR-15 FDR TDS ONLY,
FOR FEB-15 THEY TOLD ME" WE CAN NOT ISSUE TDS FOR FEB-15 FDR DUE TO NON AVAILABLE OF PAN CARD.
SO I WAN'T TO KNOW IF I HAVE SUBMITTED THE PAN CARD BEFORE THE QUARTERLY RETURN & THEY ARE ISSUING TDS CERTIFICATE FOR 2 FDR BUT THEY DON'T ISSUE CERTIFICATE FOR I FDR INTEREST TDS WHICH IS BELONG TO SAME QTR . PLEAS TELL ME THE RULE WITH IT SECTION.
16 June 2015
The bank was correct in deducting TDS @ 20% earlier but they could have updated PAN in TDS return so that you could get TDS credit. The only option now is to request the bank to revise the return and update your PAN in the earlier entry so that they can issue valid Form 16A and you can get credit in form 26AS.
16 June 2015
Dear Expert
Thanks for your reply. i have already request to issued form 16a but thet told me we are not able to issued tds certificate for deduction @ 20% & we don't have pan at the time of dedution.
Thanks for your reply. i have already request to issued form 16a but thet told me we are not able to issued tds certificate for deduction @ 20% & we don't have pan at the time of dedution.
17 June 2015
They can now issue form 16A only after they revise the TDS return and update your PAN in the return. If they dont, then they will not be able to issue form 16A and you will not get credit till then.
17 June 2015
i just want to know ,if they have pan no at the time of return then if they did not take mar-15 transaction in return. it was their fault.i want to ask @ 20% deduction they are liable to issue form-16a or not. if yes please mention the income tax section. i will mention in letter to bank.
27 July 2025
Here’s a detailed answer you can use to write to the bank, including relevant legal provisions:
---
**Subject: Request for Issuance of Form 16A for TDS Deducted in Feb-15**
Dear Sir/Madam,
I had Fixed Deposit(s) with your bank which matured in February 2015 and March 2015. Due to non-availability of my PAN at the time of deduction, TDS was deducted @ 20% on the interest income for both the FDRs.
I submitted my PAN to the bank before the quarterly TDS return filing date for the quarter ending March 2015. However, I have received the TDS certificate (Form 16A) only for the TDS deducted on March 2015 FDR and not for the TDS deducted on the February 2015 FDR.
I understand that as per Section 203 of the Income Tax Act, 1961, **any person deducting TDS is mandated to issue a TDS certificate to the deductee**, regardless of whether PAN was available or not at the time of deduction.
Further, as per Rule 31A of the Income Tax Rules, **the deductor is required to file quarterly TDS returns, and can revise those returns to update details such as PAN after submission**, enabling issuance of a valid Form 16A.
Since the PAN was submitted before the quarterly TDS return filing deadline, the bank is required to:
1. **Revise the TDS return for the quarter ended March 2015** to update my PAN details against the February 2015 TDS deduction.
2. **Issue the Form 16A certificate for the TDS deducted on February 2015 FDR** to enable me to claim the TDS credit in my Form 26AS and income tax return.
The bank’s refusal to issue Form 16A citing non-availability of PAN at the time of deduction is not in line with the statutory provisions.
**Relevant provisions:**
* **Section 203(1) of the Income Tax Act, 1961:** Obligation to issue TDS certificate.
* **Section 206AA:** Higher TDS deduction rate when PAN is not furnished, but does not exempt the deductor from issuing Form 16A.
* **Rule 31A(1) of the Income Tax Rules:** Filing and revision of TDS returns.
Therefore, I request you to kindly revise the TDS return for the quarter ending March 2015 and issue the Form 16A for the TDS deducted on February 2015 interest income at the earliest.
Thanking you,
\[Your Name]
\[Your PAN]
\[Your Contact Details]
---
If needed, you can also mention the **CBDT Circular No. 12/2010** clarifying that deductors can revise returns to correct details like PAN and issue certificates accordingly.
Would you like me to help draft a formal letter/email based on this?
---
**Subject: Request for Issuance of Form 16A for TDS Deducted in Feb-15**
Dear Sir/Madam,
I had Fixed Deposit(s) with your bank which matured in February 2015 and March 2015. Due to non-availability of my PAN at the time of deduction, TDS was deducted @ 20% on the interest income for both the FDRs.
I submitted my PAN to the bank before the quarterly TDS return filing date for the quarter ending March 2015. However, I have received the TDS certificate (Form 16A) only for the TDS deducted on March 2015 FDR and not for the TDS deducted on the February 2015 FDR.
I understand that as per Section 203 of the Income Tax Act, 1961, **any person deducting TDS is mandated to issue a TDS certificate to the deductee**, regardless of whether PAN was available or not at the time of deduction.
Further, as per Rule 31A of the Income Tax Rules, **the deductor is required to file quarterly TDS returns, and can revise those returns to update details such as PAN after submission**, enabling issuance of a valid Form 16A.
Since the PAN was submitted before the quarterly TDS return filing deadline, the bank is required to:
1. **Revise the TDS return for the quarter ended March 2015** to update my PAN details against the February 2015 TDS deduction.
2. **Issue the Form 16A certificate for the TDS deducted on February 2015 FDR** to enable me to claim the TDS credit in my Form 26AS and income tax return.
The bank’s refusal to issue Form 16A citing non-availability of PAN at the time of deduction is not in line with the statutory provisions.
**Relevant provisions:**
* **Section 203(1) of the Income Tax Act, 1961:** Obligation to issue TDS certificate.
* **Section 206AA:** Higher TDS deduction rate when PAN is not furnished, but does not exempt the deductor from issuing Form 16A.
* **Rule 31A(1) of the Income Tax Rules:** Filing and revision of TDS returns.
Therefore, I request you to kindly revise the TDS return for the quarter ending March 2015 and issue the Form 16A for the TDS deducted on February 2015 interest income at the earliest.
Thanking you,
\[Your Name]
\[Your PAN]
\[Your Contact Details]
---
If needed, you can also mention the **CBDT Circular No. 12/2010** clarifying that deductors can revise returns to correct details like PAN and issue certificates accordingly.
Would you like me to help draft a formal letter/email based on this?
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