vinni (article assistant) (45 Points)
29 September 2011bank has deducted our tds @ 20% as we have not given form 15h to them for ay10-11 and that's why tds so deducted is not seen in our 26as now i want to claim refund for the same asking bank to file revised return so is it possible to file revised return for fy 09-10. now so that i can file income tax return claimig refund for the same
RAJEEV
(article)
(156 Points)
Replied 29 September 2011
dear vinni
ask your bank to file reviesd return ay 09-10, and there is not any restriction
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 29 September 2011
Yes, you can calime the amount after return revised by bank.
CA AMIT AGRAWAL
(Chartered Accountant)
(173 Points)
Replied 04 October 2011
Can we claim the full amount of Tds Deducted @ 20% as refund?
Amogh Gokhale
(Not Applicable)
(86 Points)
Replied 04 October 2011
The reason for tax deducted by Bank @ 20 % is you have not provided copy of your PAN card to the Bank (or the bank may have lost it but no one agrees)
Solution :
1. Provide copy of your PAN Card to Bank
2. Ask your Bank for submitting Revised ETDS Return for A.Y.2010-11
3. Get TDS Certificate from Bank (Reason is to ensure bank has submitted revised etds return)
4. If you have filled your Income Tax Return for Financial Year 2009-2010 within due date and you have not received Assessment order yet, then you can file your revised income tax return.
5. Before filling revised income tax return for F.Y.2009-10, please register and view Form26AS, to ensure you have got credit for TDS @ 20% deducted by Bank.
Please consult practising chartered accountant for proper advise.
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