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Income tax refund

krishnakumar (Student and Hyper learner) (166 Points)

22 December 2016

Hello

My relative deposited in Fixed deposit of sum rupees and he didn't provide PAN and FOrm 15G etc. But bank are telling that they had deducted TDS. If so, can we claim it back by filing ITR??

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178001 Points)
Replied 22 December 2016

First provide PAN to bank to link with FD. Then ask them to revise their TDS return for any TDS deducted. Once it will reflect to your PAN, then it will be easy to get its refund.

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krishnakumar (Student and Hyper learner) (166 Points)
Replied 22 December 2016

Great Sir. Thank you. The Interest related to Fin.year 2014-15. Can Bank revise the TDS return?

FCA surbhi jain (FCA) (897 Points)
Replied 22 December 2016

Tds return can be revised any time. There is no time limit. So even if interest relates to FY2014-15. TDS return can be revised.

Radhey Shyam Jha (Student) (38 Points)
Replied 23 December 2016

bhai sahb agar ish tarah bank hamare sath cooperate karne lag gaye na to phir India India NHi reh jayega. so don't thik that for your 500 or 1000 they revised their tds retutn. Thank

vaibhav (student) (253 Points)
Replied 23 December 2016

Very true. Bank are even bother to hear your non reflection of tds credit.

If you have enough documentation than mentione in your return and claim refund.

Get online / certificate from bank with regard to deduction as your proof in future

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Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 23 December 2016

YES,,,,,,,,,,,,,,,,,,99.9999% BANK NEVER REVISE THERE TDS RETURN DUE TO ONLY THIS REASON ,,,,,,,,,,,,,,,, SO, YOU SHOULD GET A OFFICIAL DOCUMENTS FROM BANK AS A PROOF OF TDS DEDUCTION AND FILE YOUR ITR, ,,,,,,,,,,,,,,,,,,,GOOD LUCK!