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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How to recover tds deducted at 20%
Replies (9)
First ask to bank to refund it, many times they itself refund it or ask form 16A and file return claiming this tds refund.
Contact your banker and give them your PAN details and a photocopy of the same
| Originally posted by : Neha sharma | ||
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Contact your banker and give them your PAN details and a photocopy of the same |
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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.
Yes, just contact to the banker and ask them to refund it.Its not your fault.
The Bank is at fault as the money is let deposited by them without confirming and folowing the KYC norms.
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 .
Ask the banker for Form 16 A first. if it is within rs.5000/- it wil be refunded by IT dept. if you are having Form 16A
If you donot have any other Taxable income the way forward is to take a form 16 A and apply for refund after filing your return
Claim refund in your ITR on the basis of FORM 16
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