TDS on interest on fixed deposits

TDS 1351 views 11 replies

i have intrest income of rs.30,000 on fixed deposits but , earlier iam not given my PAN to banker so, he deducted T.D.S @ 20%(rs.6000) for A.Y 2014-15 but, it is not displayed in form 26AS my doubt is can i take the credit by giving my PAN to banker in form 26AS.  what is the procedure to get that credit in form 26AS

Replies (11)

Since PAN was not provided by you, you won't be able to claim credit on the TDS so deducted. Credit can be claimed only  from the amount covered in 26AS. Since you didn't provided PAN to the bank, the TDS deducted by the bank won't be reflected in 26AS. You can ask for TDS certificate in form 16A from the bank. 

As form 16A is generated from traces site you can claim credit on its basis.
But on the basis of form 16A, can he claimed the credit ? R u sure ? accroding to my Point of view he cant claim the credit Coz form 16A not Showing the Pan no..
Need to give PAN no to bsnk and ask them for revised return for that quarter. After revised return can reflect in 26AS and also generate TDS certificate.
Give the pan no. To bank and the can revised their TDs return of perticular quarter after that TDs amount reflect in your 26As

I may be wrong but according to me Credit can't be claimed on the basis of form 16A.  
 

The act has provided for 20% rate to dissuade non submission of pan. The bank cannot give manual 16A. It has to be downloaded from TRACES. Now until the TDS return is revised by bank, how will be correct 16A generated. Banks usually are reluctant to revise the TDS return for one party. So banks can be requested for that. Else, no option but to go for 154 on the basis of letter from bank regarding all the facts. Primafacie, dept gives credit for 26AS entries, but by law TDS credit cannot be denied if deducted amount doesnot appear in 26AS
You can ask your banker to revise the TDS return otherwise you will not get the credit.
Dear u can give ur pan to bank for taking credit by way of revise tds retrun by bank.Aftr that your tds amount shown in 26as form.
Practically Claim TDS deducted by filing manual return attaching form 16a copy with return provided income isbelow 5 lakhs i.e. With the limit for filing e-return.
Practically Claim TDS deducted by filing manual return attaching form 16a copy with return provided income isbelow 5 lakhs i.e. With the limit for filing e-return.


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