TDS deducted by bank @ 20 %
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2011
The bank has deducted TDS on interest payable on fixed deposits to one of our client @ 20 % , for the financial year 2010-11.The bank has never asked for PAN number from my client. In this case what how the TDS deducted by bank @ 20% can be claimed by the assessee , since bank will not issue him Form16A for the financial year 2010-11.Kindly advise.
06 June 2011
Now we can see the amount of Tax deducted in the Income Tax website by registering with the client PAN number. Based on this we can know how much the TDS has been deducted by the bank on the interest that was given to the client.
We need to file a revised return to claim for the refund. However please look at the time limits whether available or not to file a revised return.
Thanks,
CA M Sreenivasa Rao
R&S Associates
We need to file a revised return to claim for the refund. However please look at the time limits whether available or not to file a revised return.
Thanks,
CA M Sreenivasa Rao
R&S Associates
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- FEMA regulation Act. for inward remitance
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
