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TDS Deducted by bank when form 60 is submitted

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(Querist)
03 July 2011 If a person has submitted form 60 for not having PAN while opening bank account, should the bank deduct tax on interest paid to him. If bank has deducted TDS how it will be shown in the return as TDS return is not accepted if PAN No. of Deductee is not mentioned.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
03 July 2011 TDS will be deducted @20% if PAN is not provided to the bank. There is no problem in furnishing TDS return if TDS is deducted @20% id PAN is not available.
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