Tds deducted @20%
This query is : Resolved
27 March 2014
If bank has no PAN NO of its account holder then it will deduct tds @20%,can bank issue tds certificate to the deductee?As no tds to be shown in 26AS,How Can deductee claim Tds deducted by bank in his return of income ?
27 March 2014
if there is no tds certificate issued then it will not be reflected in 26AS report and hence no claim can be made in itr and no refund is allowed.
Nikhil Kaushik
(Expert)
27 March 2014
the bank would need to revise the tax return
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