Tds claim on the basis of form 16

This query is : Resolved

A. agarwal (Querist)
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18 October 2014 I need to know whether i am eligible to claim TDS on the basis of form 16 if no TDS claim is shown to my credit in 26 AS. Also please provide me the full updated rules on this matter.

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2014 Hi

Yes you can claim TDS on the basis of form 16 issued to you.

However if there is no credit in 26AS then the form16 issued to you would be manual one & not that one downloaded from TDSCPC website.

Employer is required to download from 16 from TDSCPC site so that credit matched in 26 AS too.

Thanks

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2014 Pl refer for further details: http://taxguru.in/income-tax-case-laws/tds-credit-denied-ground-form-26as-mismatch.html

Thanks

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A. agarwal

A. agarwal (Querist)
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18 October 2014 Thanks Vaibhav ji.I would like get your precious advice on another matter.One of my office mate has a FD with SBI.His interest on the FD exceeds Rs.10000. So bank use to deduct TDS on interest amount @10% and issue him on his request form 16A.The form 16A issued by the bank is the manual one. My office mate use to file his return manually through an immature advocate and claim tax refunds. But he has received no tax refund on the above basis for the A.Y. 2012-13 AND 2013-14 till date. For this A.Y. 2014-15 The bank has deducted TDS @20% and on enquiry has explained to him the same has been deducted as the system is not accepting his already deposited PAN.On verification of 26AS we found that no TDS has been deposited by the bank to his credit for any of the above mention A.Y. . Also for this A.Y. the bank is not giving form 16 on his demand. Pls advice us on the matter.

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2014 Hi

Pl refer for full process on what to do & how to claim refund:

http://www.simpletaxindia.net/2012/04/demand-notice-mis-matching-of-tds-in.html

Thanks

A. agarwal

A. agarwal (Querist)
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18 October 2014 Hi

Thanks for your advice and information. The same is really helpful.

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2014 Thanks for Acknowledgement Mr, Agarwal.

Cheers!!