TDS deducted for 1st holder PAN. Whereas the bank FD is owned equally by both 1st and 2nd holder. Both holders has filed ITR with 50% interest income each from FD. If entire TDS is deducted for 1st holder PAN then how 2nd holder will get refund of his TDS.
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TDS Refund - Joint Holders
Replies (11)
Actually in joint fd the first holder gets the benefits as 2nd holder is in the nature of nominee
the tds deducted for first holder should be refunded and 50% of such refund shall be transferred to 2nd holder
the tds deducted for first holder should be refunded and 50% of such refund shall be transferred to 2nd holder
In any ITR, under schedule TDS, there will be an option to transfer the tds and it's respective income to any person. Enter the PAN, TDS and relevant income of second person under field "Spouse as per Sec 5A / Other person as per Rule 37BA(2)". Once entered here, the Respective TDS will automatically be transferred to the second person. And the first person shouldn't not claim that amount.
Sir: Thanks for ur reply. In schedule TDS I do not find where the option is available to transfer TDS and income. Please help me sir by attaching file. Thank you
Sorry bro. I couldn't find any option to attach here. We can do one thing. Tell me in which ITR u need to do this and send me ur mail id or phone number. Either message here or send a private message by clicking on my name. I will explain u clearly where to do and how to do in mail or Whatsapp
Sent PM to you with my whatsapp number sir.
You have to follow the process and request to bank to take care in TDS for both persons under rule 37 BA
Thanks, Naveen
I down loaded ITR-3 Excel Utility and found all options suggested by you.
You're welcome Mr.Anil. I'm so happy to hear that . Plse do message if u need any help
Hi Naveen: I did go thru the TDS form in ITR2. Need your help in explaining the same to me. Please call me. I have sent you a PM sir.
Hi Naveen: I did go thru the TDS form in ITR2. Need your help in explaining the same to me. Please call me. I have sent you a PM sir.
Hi Mr. Srikanth. Plse come to WhatsApp. Let's have further discussion there
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