he Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS returns as well as in the OLTAS challans. One of the modes through which tax payer can avail view of Tax Credit Statement (Form 26AS) is through net banking facility provided by banks. To avail this facility, the PAN holder is required to have net banking account with any of authorized bank, where in view of Tax Credit Statement (Form 26AS) can be made available to PAN holder which is mapped to that particular account. To provide this facility to net banking account holder, bank should get registered them self with National Securities Depository Limited (NSDL).

It has been clarified by CBDT vide circular No. 771 dt. 3/11/98 that in the case of pensioners receiving pension through nationalised banks, provisions of TDS are applicable in the same manner as they apply to the salary income

Archived; click post to view. Excerpt: You already know how to check status of tax  refund online and  what should  be done in case you did not receive the refund , but status online is shown as paid. Now , it may just happen that you have opted for refund banker scheme in your return [...]

Archived; click post to view. Excerpt: In case you have have filed return of income and there was claim of refund which you had opted for online credit. You can check the refund status us online. One day you suddenly get refund advice on which you find that the status as “Paid ” . But when [...]

Archived; click post to view. Excerpt: The ‘Refund Banker Scheme,’ which commenced from 24th Jan 2007, is now operational for Non-corporate taxpayers assessed in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Patna, Cochin, Trivandrum, Chandigarh, Allahabad, and Kanpur.In the ‘Refund Banker Scheme’ the refunds generated on processing of Income tax Returns by the [...]