03 November 2015
Dear sir madam My son have fix diposit in bank and I submitted his pan card number in the bank. In last year fy 2014/2015 bank has dedicated TDS IN his account and diposit tex in his 26AS. in all year I submitted his IT return in my NAME. Now how i can gat refund of that TDS In my return or please give me solution for got refund.
05 November 2015
As per income tax act, income of minor will have to be clubbed with the income of parents. TDS can be claimed by you only if it reflects in your 26AS. As per rule 37BA of income tax rules you have to file a declaration with the bank mentioning your PAN and that income from FDR should be credited against your PAN and TDS should also be deducted against your PAN. Ask bank to revise their TDS return.