7 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 06 September 2012
Does the assessee has the PAN and has not provided or he does not has PAN at all?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 September 2012
Not possible unless the bank is agree to revise the ETDS return by inserting the PAN data of depositor,
but bank usually does not take this hassle after deduction of 20%
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 06 September 2012
If the assessee has a PAN then file ITR and claim refund.
Nainesh
(Senior Audit Assistant)
(41 Points)
Replied 06 September 2012
Income tax department gives credit for TDS that is reflected in 26AS since TDS deducted is 20% without PAN. It is not possible to get credit unless bank revise the ETDS return with PAN.
Bharat
(CA Final)
(136 Points)
Replied 09 September 2012
Get a PAN .Present it to the bank since it cannot provide 16A form without a PAN from AY 2011-12. After getting 16A form file ITR with the said form & Claim TDS Refund.
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 09 September 2012
SUMITI JAIN !
The Bank authorities are correctly deducted tax under section 194A @ 20%. Moreover they can’t upload the same to the income-tax website in the absence of PAN. The mistake is on the part of the assessee. Now the problem before us is how to get the refund of such TDS. The assessee after obtaining the PAN must approach and submit the PAN to the bankers with a request to file a ‘revised’ return. Generally the bank authorities oblige the same to do so.To file revised return the bank also shall incur expenditure such as uploading charges to NSDL and miscellaneous expenditure and, some times, the assessee has to bear such expenditure.
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