TDS from dividends U/s.206AA

From FY 2020-21, dividends declared by Indian companies have become taxable and the companies are required to deduct tax at source from such payment.  However, in many cases, especially where shares are held in physical form, the shareholders could not furnish the PAN number timely and consequently, the companies have deducted the tax u/s. 206AA of the Income tax Act, 1961. Now the tds so deducted is not appearing in Form 26AS and hence, the shareholder is not able to claim credit of the tds amount.  This is despite subsequently intimating the PAN to the Company and requesting for uploading…

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