Dear Sir,
One of my client had kept Fixed Deposit with Janata Bank Solapur in FY 2015-16.
In that FY, he does not have PAN card & the Bank has deducted TDS @ 20%. He was not aware of the importance of PAN card & TDS.
In the FY 2018-19, he knows the fact that due to non furnishing of PAN, the Bank has deducted TDS at higher rate.
After continues follow up with the Bank, the Bank officer replied to my client that it is not possible to rectify the TDS return.
He has also filed application to CCIT for condonation of delay.
My query is that whether the same can be corrected by the Bank after lapse of 2-3 years.
Thanking you
Hayedar Shaikh
CAclubindia
