banner_ad

TDS deducted by bank @ 20 %

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

CA Sreenivasa Rao Munaga

Profile Image

CA Sreenivasa Rao Munaga (Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details