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Non issuance of tds certificate

Anup Patodia (Student) (44 Points)

30 June 2015

Against an FD the bank had deducted tds but not providing tds certificates for the first 3 quarters. provided tds for the 4th quarters of py 14-15. do 26as shows only the 4th quarter amount as credit. Requesting the bank to revise the tds return but they are refusing. can I knw the remedies for the deductee. ty

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Yash (Student CS) (32 Points)
Replied 20 August 2015

Every person deducting tax at source is required as per Section 203 to furnish a certificate to the payee to the effect that tax has been deducted along with certain other particulars. This certificate is usually called the TDS certificate.

Even the banks deducting tax at the time of payment of pension are required to issue such certificates. In case of employees receiving salary income including pension, the certificate has to be issued in form No.16.

The certificate is to be issued in the deductor’s own stationery. However, there is no obligation to issue TDS certificate in case of tax at source is not deducted /deductible by virtue of claims of exemptions/ deductions.

For further inforation regarding TDS log onto https://www.quicko.com