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Reg. form16 a

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Teacher

29 Points Posted on 11 June 2014

Sir,

I have FD in bank on which I have got interest income. Bank gave me traces portal generated Form 16 A(four for FY 2013-14, one for each qtr) and also gave me Form 16A (bank's own system generated) unde section 203 of IT Act. My first query is Which Form 16A should be referred by me for filing my ITR ? I pointed out to manager of bank that figures of Total Interest and Tax deposited are different in two forms. In bank generated form they are more. Bank said, refer to Traces generated form 16 A which is final but tax deposited shown in it is less than what is shown in form which is bank generated. My 2nd query is that should I deposit tax as per the figures in bank generated form 16 A. Bank has not given me any satisfactory answer. Please resolve my query.

Thanks and regards.

Replies (1)

Tribhuvan Aditya Singh

Student as well as Self-employed

3853 Points Posted on 11 June 2014

form 16a generated from traces refers to the amount that has been mentioned in the tds return against your pan. whereas form 16a by bank refers to the amount that has actually been deducted from your fd intt..... now if you want to verify the diff. between the two amounts then ask your bank official to give you the ledger print out of the FDs on which tds has been deducted. from that you can clearly verify the amount. and claim the tds that you see in ledger even if it is more than what is given in 16a from traces. it will be bank's responsibility to mention those amount in tds return which has not yet been mentioned in your current form 16a by traces.