Tds on interest @20% without pan

Tax queries 1388 views 8 replies

Whether assessee can get refund  of TDS   on interest income @ 20% made by the banker  with out PAN details

Replies (8)

Not possible unless bank agree to revise their TDS return with your PAN number

i agree with U. S. Sharma,

bankers normally donot revise the returns except you are VVIP client for them

bt  can he fille the return for refund the same ???

when he did not got form 16A/ got form 16A WITHOUT PAN, how his claim would sustain?

Originally posted by : U S Sharma

Not possible unless bank agree to revise their TDS return with your PAN number

thanks both of u ....

bt bank have to revised there return ...... bcoz no one can want to loose there money

Originally posted by : swapnil

thanks both of u ....

bt bank have to revised there return ...... bcoz no one can want to loose there money

:)

try your luck with bank, you will get reply, 

for every FD holder, when the FD holder get awake from deep sleep, bank has to revise their TDS return again and again? bank will plain way refuse to do so unless the account holder has some meaningful relation with branch.

20% TDS is a penal provision from incometax to curb the practice of indian depositors, who are depositing the amount with bank without furnishing pan, or may be unaccounted money as in past years, IT department has observed that remarkable percentage of TDS from Fixed deposit in banks remained unclaimed, so the question arises that who are owners of these FDs, and why these claims were not made, 

now either furnish the PAN, claim the same in your return or forget 20%, choice is in your hands. 

 

jaago india jaago :)

What if the error was on Banks part? My sister had 3 FD's and TDS was deducted at 10% from 2 and curiously 20% was deducted from the 3rd FD as the bank had inadverently given a wrong Custoemr ID to the FD and it was treated as having "NO PAN details" and 20% was deducted! Have already asked them for revising the TDS return. Keeping fingers crossed!!! :)


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