23 November 2013
For the investors who have not submitted PAN NO,Banks are deducting incometax at 20% at source.My relative,who is an elderly widow, sought my help regarding refund of incometax at @ 20% at source on the interest income.She is a senior citizen.Is there any remedy to get refund of tax deducted at source.Pl clarify. Regards Sundaram
23 November 2013
you should file income tax return of the lady and claim refund and for future purpose you may file form 15H with the bank then bank will not deduct tds from future income and first of all you must apply for PAN no.if not taken yet.
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