20% tds

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 April 2015 Dear sir
the bank had deducted my 20% TDS on fdr, because i have not provide my pan no. to the bank, but now how to refund my tds claim. if bank has refused to revised the TDs return.

plz guide me...

11 April 2015 There are many depositors who do not provide the PAN No while filling up the form for Fixed Deposit.
.
However, the banks also found less bothered in complying with the KYC norms.
.
We have to be very practical and request the bank that you are going to loose the amount and may have to pay further tax on the interest amount. In case similar cases in good numbers are being received by the bank, looking to the benefit of customers, bank may proceed for revising the returns.
.
.

11 April 2015 CA Paras ji, Sir bank cant reverse the return and why they wil reverse if the person hadnt provided pan on time...

stil the person can file his or her itr and claim the same in mah personal view..

ITS the duty of ITR department to scrutinize that on the basis of given information

plz correct me if m wrong...




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Unanswered Queries