bank 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
dear vinni
ask your bank to file reviesd return ay 09-10, and there is not any restriction
Yes, you can calime the amount after return revised by bank.
Can we claim the full amount of Tds Deducted @ 20% as refund?
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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