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How to recover tds deducted at 20%

Shakeel A Siddiqui (Finance Controller) (28 Points)

09 June 2012

I am having deposit at some bank. I had given them my PAN no. but they did not updated the same in their systems. Hence TDS was deducted @ 20%. Since the same is not reflected in Form 26AS of mine how to apply for refund.

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9 Replies

Deepak Parsai (Future CA) (623 Points)
Replied 09 June 2012

First ask to bank to refund it, many times they itself refund it or ask form 16A and file return claiming this tds refund.

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Neha sharma (-) (1257 Points)
Replied 09 June 2012

Contact your banker and give them your PAN details and a photocopy of the same

(Guest)

Originally posted by : Neha sharma
	Contact your banker and give them your PAN details and a photocopy of the same

Simply be giving PAN details want work TDS return of the concern must be revised afterward then it will show in account of the relevant assesse then TDS will be allowed to be claimed.

(Guest)

Yes, just contact to the banker and ask them to refund it.Its not your fault.

Akash Jain (CA Final Student) (261 Points)
Replied 09 June 2012

The Bank is at fault as the money is let deposited by them without confirming and folowing the KYC norms.

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CA Dinesh Samriya (Proprietor) (21 Points)
Replied 10 June 2012

Get the certificate i.e. form 16 from the bank and in personel return claim this 20 % tds also, afterwords on receiving any notice from Income deptt. , submit the particular certificate ,which must be matched with the income taken , and they will give credit for the same after verification .