Reply of intimation 143 (1) for claim of tds refund

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MANISH MITTAL (Querist)
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14 November 2011 A bank deducted tds @ 20% on interest due to non production of PAN Card and issue TDS Certificate in form 16A. Assessee claim this TDS on filing of ITR and claim for refund. Dept issue intimation U/s 143 (1) without considering TDS amount. kindly guide how to deal this case.

chandan

chandan (Expert)
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14 November 2011 The TDS of 20% (instead of normal 10% rates) was deducted by bank for non furnishing of PAN No by you. The Bank was complying provisions of 206AA and was fair in deducting 20%. Now while issuing intimation u/s 143(1) of the Act the AO has not factored this TDS as tax despoited.

You should write an application to the AO u/s 154(1)(b), stating your grivenace and also enclosing the TDS certiifcate of bank.

Hope this will address your problem.

In case the AO still did not accept the 154 claim, then you can either move a petition u/s 246 or 264.

Thanks
Chandan Agarwal