Bank issued TDS with incorrect pan

Hi rajesh

You have to approach to bank though a cpverinv letter explaining the fact and correct PAN. Pl also attach correct PAN photocopy.

Than bank will correct it its TDS return.

Moreover plz check in whose 26AS its appearing

Hi Rajesh,

You need to get in touch with your bank and ask them to revise their TDS return.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

Hi Rajesh,

Contact your bank with the discrepancy providing correct details and get it updated therefrom.

Hi Rajesh,

Usually bank consider the first depositor of the Fixed Deposit as the owner and deduct tax in his name. The person should offer it to tax and claim the credit of the tax deducted by the bank.

In your case, is your father going to offer it to tax in India, or will you be?

If your father will be offering it to tax, then there should not be any problem as his PAN has been stated in the Form 16A. You can check his Form 26AS online, and if the credit is appearing there too, then he can offer it to tax and claim credit of the tax deducted.

If you are going to offer it to tax, then you will have to request the bank to rectify their TDS return and issue a new TDS certificate to you.

Trust this clarifies.

Regards,

Keerthiga Padmanabhan

M.Com., CA, LL.B

Hi,

Ask the Bank to revise their TDS Returns by giving Credit to your PAN instead of your Father's PAN