Tds on fd interest

TDS of 1275/- was deducted on my FD Interest for AY 2011-2 @ 20% for not providing PAN

I claimed the same as refund in my return but same wasnt allowed and my case was transfered to jurisdiction officer and when I met the officer he told that refund of TDS of 1275/- will be allowed only if it is reflected in 26AS statement and the Bank should submit revise TDS return for that period

Now my question is will the bank submit revise return for TDS of such small amount ?

If not, then is there any other way to get the refund?

 

 

Replies (2)

Generally Banks avoid revising their TDS return.

For only one customer they don't revise their return.

I think you should demand Form 16A from the bank and produce the same before the IT authority.

Dear VIJAY !

I invite your attention to the CBDT instructions, in this regard, which is as follows:

Instruction No. 4/2012 [F. No. 225/34/2011-ITA.II], dated 25-5-2012

The following decisions have been taken in this regard:

 (i)  In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification.

(ii)  Where there is zero TDS matching, TDS credit shall be allowed only after due verification.

(iii)  Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed.

(iv)  In all other cases TDS credit shall be allowed after due verification.

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