Form 26AS clarification needed

Harishkumar Pathangay (12 Points)

15 August 2020  

Hi,

My Bank is saying for FY19-20 the TDS threshold limit is raised to 40,000. So the transaction about my FD and interest paid is not reflecting in the Form 26AS since TDS is zero.

I am saying to them that no. it is not the case. Even if TDS is zero, Bank should still report the transaction as TDS zero. There is no point in hiding that information even if TDS is zero.

Form 26AS should contain the details irrespective of TDS threshold limits.

I do not know correct answer. Hence reaching for the experts in the forum to help me out.

thanks in advance.