Urgent: pan available still tds deducted @ 20% ???

Hi there!

Assessee can very well claim TDS in his ITR, only condition is that the TDS Certificate has to be in his correct name & Address.

Further I wan't to Highlight one problem which now-a-days the Banks Staff are commiitting.

In many of my clients cases I have seen that even though the client has informed the bank his/ her PAN, but still many Nationalised/ Co-op Banks wrongly deduct 20% TDS on the Interest Income. Which they should not be doing, it is wrong on their PART. After deducting TDS @ 20% they issue TDS Certificate and also mention the PAN.

Income TAX Department has made this provision of deducting TDS at double rate that the rated normally applicable to the person, for failure to furnish PAN.

But,

What action is available against the deductor under the IT Laws, who is in possession of the PAN, but still deduct TDS Wrongly at double rates?

 What action is available against the deductor under the IT Laws, who is in possession of CORRECT PAN, but still deduct TDS under WRONG/ Erroneous PAN?

Hii Mr Rishab

Thxx a lot for ur reply..

But tax credit is only given on the basis of Form 26AS and when the tds is not credited to the PAN, how the deptt wil giv credit of the 20% deducted TDS...???

wat about the intimation?? surely this TDS will not be reflected in intimation.

how can we claim TDS certificate without PAN on it.. and also no PAN given by bank in TDS return..????