Treatment of tds on the interest income of minor in the hand
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2014
whether it is possible that TDS on interest income of minor can be deducted at the PAN of guardian. Bank has deducted TDS @ 20% on such income since minor do not have PAN. Sir, please provide complete guidance on this topic and how to claim refund on such income.
Nikhil Kaushik
(Expert)
30 March 2014
you can request bank to deduct tds against guardian's PAN under rule 37BA(2).
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