Tds refund for tax deducted on interest
This query is : Resolved
03 May 2016
R/All
Tds of my client from interest on fd, deducted by bank @20%.
Amount deducted is not showing in form 26AS
Please let me know how he can claim for refund.
Regards.
03 May 2016
Tell bank to revised the TDS Return and issue the TDS certificate. After that this TDS will be show in form 26AS and you can claim it.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Message likes :
1 times
04 May 2016
Your client not submitted to the bank the PAN No. that is why 20% TDS made and not appearing in 26AS. Submit PAN to bank and ask the bank to include the PAN in TDS return.
04 May 2016
you have to Give PAN to bank and then bank make revised the tds return then TDS will reflect in you PAN 26As. then you can claim the tds.
04 May 2016
It seems that you have not provided PAN to your banker and this is the reason the TDS is @ 20%. Provide TDS and request the bank to revise TDS return. Once TDS return is revised by incerting PAN the same will automatically the TDS wukk reflect in the name of your client.
04 May 2016
We connect with Bank official for the same, but they are saying that CA of bank is not revising Tds return and the fault is on our end as we did not provide PAN no to bank on time. Please suggest what to do
Message likes :
1 times
28 July 2025
This is a common and tricky situation. Here’s what you and your client can do when the bank refuses to revise the TDS return due to late PAN submission:
---
### Why the problem occurs:
* **TDS deducted at 20%** because PAN was not submitted on time.
* Bank files TDS return without PAN.
* Therefore, TDS does **not reflect in Form 26AS** under the client’s PAN.
* Bank is reluctant to revise because the original TDS return was already filed correctly from their end (no PAN on file at that time).
---
### What can be done:
#### 1. **Submit PAN to the bank in writing (if not done yet)**
* Provide a formal PAN update request with proof to the bank.
* Request the bank to issue a **TDS Certificate (Form 16A)** reflecting the deducted TDS with PAN.
* Banks sometimes refuse to revise past returns, but you can insist on a certificate.
#### 2. **If bank refuses to revise TDS return:**
* You **cannot claim TDS refund via Form 26AS** because it’s not reflected there.
* Instead, **your client must file Income Tax Return (ITR) claiming the TDS as tax paid**.
* Since TDS is not reflected in Form 26AS, **attach proof of TDS certificate issued by the bank** with the ITR.
* In the return, report the interest income and claim the TDS as tax paid under **"Tax Deducted at Source"** (even if it’s not in Form 26AS).
* The Income Tax Department will verify and process refund if tax liability is less.
#### 3. **If TDS certificate is not provided at all:**
* Request the bank for an official letter or statement of TDS deduction.
* Submit this proof along with your ITR to claim refund.
* Alternatively, approach the **bank’s higher authorities or banking ombudsman** if bank refuses cooperation.
---
### Summary:
| Situation | Action |
| --------------------------------- | ---------------------------------------------------- |
| Bank refuses to revise TDS return | File ITR showing income + claim TDS as paid |
| TDS certificate provided | Attach certificate with ITR |
| No certificate from bank | Attach bank’s TDS deduction statement |
| PAN not submitted on time | Submit PAN to bank and request future TDS correction |
---
### Important:
* Keep all communication with bank documented.
* Filing ITR claiming TDS without Form 26AS is allowed but may delay refund.
* You may also mention this discrepancy in the **“Tax Paid Details”** section while filing ITR.
---
If you want, I can help you draft the ITR schedule or letter to the bank requesting TDS certificate. Just let me know!
---
### Why the problem occurs:
* **TDS deducted at 20%** because PAN was not submitted on time.
* Bank files TDS return without PAN.
* Therefore, TDS does **not reflect in Form 26AS** under the client’s PAN.
* Bank is reluctant to revise because the original TDS return was already filed correctly from their end (no PAN on file at that time).
---
### What can be done:
#### 1. **Submit PAN to the bank in writing (if not done yet)**
* Provide a formal PAN update request with proof to the bank.
* Request the bank to issue a **TDS Certificate (Form 16A)** reflecting the deducted TDS with PAN.
* Banks sometimes refuse to revise past returns, but you can insist on a certificate.
#### 2. **If bank refuses to revise TDS return:**
* You **cannot claim TDS refund via Form 26AS** because it’s not reflected there.
* Instead, **your client must file Income Tax Return (ITR) claiming the TDS as tax paid**.
* Since TDS is not reflected in Form 26AS, **attach proof of TDS certificate issued by the bank** with the ITR.
* In the return, report the interest income and claim the TDS as tax paid under **"Tax Deducted at Source"** (even if it’s not in Form 26AS).
* The Income Tax Department will verify and process refund if tax liability is less.
#### 3. **If TDS certificate is not provided at all:**
* Request the bank for an official letter or statement of TDS deduction.
* Submit this proof along with your ITR to claim refund.
* Alternatively, approach the **bank’s higher authorities or banking ombudsman** if bank refuses cooperation.
---
### Summary:
| Situation | Action |
| --------------------------------- | ---------------------------------------------------- |
| Bank refuses to revise TDS return | File ITR showing income + claim TDS as paid |
| TDS certificate provided | Attach certificate with ITR |
| No certificate from bank | Attach bank’s TDS deduction statement |
| PAN not submitted on time | Submit PAN to bank and request future TDS correction |
---
### Important:
* Keep all communication with bank documented.
* Filing ITR claiming TDS without Form 26AS is allowed but may delay refund.
* You may also mention this discrepancy in the **“Tax Paid Details”** section while filing ITR.
---
If you want, I can help you draft the ITR schedule or letter to the bank requesting TDS certificate. Just let me know!
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
- Notice from IT DEPTT IF FD AMOUNT EXCEEDS 10 LACS
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- Applicablity on tds
- Unable to generate and save json file for updated return
- GST payable under RCM
- Section 194I not showing in TDS RPU for Compnay Assessee for TDS on rent
- Tax audit & Switching from Presumptive taxation
- Audit of F and O T/O
- Inverted Tax Structure & Unutilized ITC on Services
- GSTR9- ITC
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
