Tds@20%-itr filing???
This query is : Resolved
04 August 2012
An assessee had opted a special FD scheme in a bank, and provided a PAN copy for bank reecord in FY2011-12.
However in june 12, he receives a letter/certificate from bank that during FY2011-12, he has received amount of interest and tds has been deducted and deposite.Tax deduction rate is not specified but which is @20%, because bank offcial treat pan copy initially deposited to them treat it as ID proof and not updated bank record
And also for FY2012-13 Qtr 1, tds has been deducted @20%, because pan record is updated only in july 2012
My query is :
can assessee file his itr for AY2012-13 and claim tds without having TDS certificate and also there is no tds credit in his name in form 26AS
or
he should first ask for tds certificate from bank, then only he should file his itr?
However in june 12, he receives a letter/certificate from bank that during FY2011-12, he has received amount of interest and tds has been deducted and deposite.Tax deduction rate is not specified but which is @20%, because bank offcial treat pan copy initially deposited to them treat it as ID proof and not updated bank record
And also for FY2012-13 Qtr 1, tds has been deducted @20%, because pan record is updated only in july 2012
My query is :
can assessee file his itr for AY2012-13 and claim tds without having TDS certificate and also there is no tds credit in his name in form 26AS
or
he should first ask for tds certificate from bank, then only he should file his itr?
04 August 2012
Dear Ankit,
Kindly note that without providing TDS deduction details like TAN, Name of the Deductor, TDS Amount & Challan no, BSR Code.
Hence first collect Form 16A from Bank. And claim refund if taxacle income is below Basic limit.
Kindly note that without providing TDS deduction details like TAN, Name of the Deductor, TDS Amount & Challan no, BSR Code.
Hence first collect Form 16A from Bank. And claim refund if taxacle income is below Basic limit.
04 August 2012
Hope i reply is clarified your doubt if not.
Kindly let us know.
Kindly let us know.
04 August 2012
No you can't without the certificate
04 August 2012
not possible without cirtificate
04 August 2012
yes agree with him
04 August 2012
Only and the best possible way to claim the refund is to get the TDS return revised from your deductor so that it will be dispalyed in the form No. 26AS. Thereafter, even if you do not get the form 16 then also claim can be made by you.
04 August 2012
Sir
ITR ask for Name, TAN, Amount of tds and amount claimed as maindatory.
Unique TDS certificate no and FY is not mandatory and assessee have bank tAN no and other mandatory details
Can assessee file itr without tds certificate because bank would either refuse or MIGHT creat problem/delay work as they have to file their revised tds return just for one customer
onr thing for sure is there is no tax credit in name of assessee in form 26AS for FY2011-12
I am not against law compliance but just asking for alternative
ITR ask for Name, TAN, Amount of tds and amount claimed as maindatory.
Unique TDS certificate no and FY is not mandatory and assessee have bank tAN no and other mandatory details
Can assessee file itr without tds certificate because bank would either refuse or MIGHT creat problem/delay work as they have to file their revised tds return just for one customer
onr thing for sure is there is no tax credit in name of assessee in form 26AS for FY2011-12
I am not against law compliance but just asking for alternative
04 August 2012
The suggestion given by the expert CA CS Amit Kedia can only release you from this problem.
.
If the TDS is substantial show your readiness to pay the consultant's charges for revising the return. They will certainly help you. (A non -Anna method may work here).
.
If the TDS is substantial show your readiness to pay the consultant's charges for revising the return. They will certainly help you. (A non -Anna method may work here).
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