Tds deducted at higer rate for a period before having pan

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Rakesh Vardhan (Querist)
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07 September 2013 Case : A women being a school teacher in a small village and having a total taxable income of Rs. 1,20,000. p.a appx. She saved money for years and ultimately does a FD in SBI branch of that village for earning some money . In P.Y 2012-13 , she earned interest thereon ... where the branch manager didnt notified her about the TDS rule and deducted TDS @20% as she was not having the PAN. Then she applied for the pan in year 2013-14. The question is as her income is much below the taxable limit and bank had deducted TDS at 20% . Now if she file the return how can she get the refund. Can we compel the branch to revise the TDS return and issue a TDS certificate for the said period so that refund claim can be made where the assessee has been alloted the PAN after 1-4-2013.

@VaibhavJ

@VaibhavJ (Expert)
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07 September 2013 Only way is to file return & claim refund.

Check her 26AS, she must have received Tax credit.

Thanks

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Tds deducted at higer rate for a period before having pan

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