Tds refund

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Hello,

One person have FDR in Central Bank of India where bank had deducted 20 % TDS in P/Y 13-14 due to non availability of PAN so it is not reflecting in 26AS but bank has issued Form 16A for deduction of TDS.

Now he wants to take refund of the TDS as he is under the limit of Taxable income. 

Any process is requried to be done before filing Income Tax Return?

Thanks,

Sourabh

Replies (5)
as i can guess form 16a issued by bank would be manual and thus invalid because it is now mandatory to issue form 16a online and online 16a can be generated for only valid pan entries in tds return..... thus tds cant be claimed on basis of manual form 16a... if you want to claim tds then ask the bank to revise tds return and update pan detail.. later it will be appear in 26as and then you can claim it.

He can claim TDS only if  16A form has been generated from TRACES. I dont think, if bank does not have PAN of someone  they will be able to generate 16A form from TRACES. You may apply following procedure.

1. Give PAN no. of that person to Bank & ask them to revise the TDS return.

2. Then TDS deducted will be uploaded in form 26AS & u can claim that tds amt. while filing return.

3. & ucan also take 16A form generated from TRACES.

Mr. Gagandeep Sinh is absoluely correct. But proceedure to file correction return is very tidius, therefore, how far bank will co operate to depositer is a question. If bank will submit the correction return, then it is possible.

Hi all buddies of its not a any under scheme of any professional/ non company as under dedictee code 94 j Or 94 c contract/non company its deducted on any individual or firm has not taken pan number or registered collected on 20% TDS
@ kiran kumar.... i could not understand what you want to ask or what you said.... make it little easier to understand.


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