Query about tds deduction

Ankur (na) (252 Points)

08 March 2012  

hello friends,

please help with your valuable suggessions on the following question

suppose a person submits form 15G to his bank and his bank without taking into account such form, in negligence , deducts TDS at 20% from his interest on Fixed Deposit and the bank also deposits the same deducted tax.

now is there any way of recovery of tax which the bank has deducted and  deposited in negligence?

thanking in anticipation.