Tds deduction on agriculture money of deceased person.

You being a nominee to the Fixed deposit can submit your PAN to the Bank and tell them to deduct TDS @ 10% u/s 194A. You can obtain the TDS Certificate from the Bank and claim the TDS in your Income Tax Return.

Regards,

Devendra K

Hi Devendra,

Thanks a lot for reply. I am  not good in money matters. Actually bank is refusing to accept the Nominee PAN card. Can you please let me know the any section no in which it is written that nominee pan can be accept for a deceased person ITR/TDS. So I can force them to accept it.

Thanks in advance.

Kuldeep

The name of the FD holder has to be transferred in the name of nominee for the balance period and accordingly the TDS provision is applicable. It is suggested to approach bankers strongly with all the relevant documents and get the issue sort out in your favor.

Thanks Saiyad, By your suggested procedure we can save the TDS after the FD is transfered to Nominee. Is there any provision to save the TDS that bank is going to deduct for earlier period.

Originally posted by : kuldeep
	Thanks Saiyad, By your suggested procedure we can save the TDS after the FD is transfered to Nominee. Is there any provision to save the TDS that bank is going to deduct for earlier period.

As you informed your father is not having PAN Card. The solution is to get the PAN card in his name of your father and submit to the banks for getting TDS certificate in his name. This all depends upon how much TDS has been deducted by the bank.