Since, I had not furnished PAN in Bank, they have deducted 20% on Interest income on FD and has given me a Form 16A with Unique TDS certificate Number.
But, the TDS is not appearing in my Form 26AS.
Now, I such I will file the ITR giving TDS details and Unique TDS certificate Number but it will not match with Form 26AS.
I want to know that if Bank files a correction statement , will they give the credit of full 20% to my PAN or only 10% (which is the actual rate of deduction in case PAN is given.
If they give 10% credit, then will Bank refund me the excess 10% deducted.
In case bank refunds me the excess 10%, what is the mechanism through which bank will claim refund or adjustment of excess 10% from Income Tax department against their TAN.
CAclubindia
