Tds by post office on nss

TDS 5349 views 7 replies

I withdrew amount from my NSS 1987 account and PO deducted 20% TDS on same. However this is not showing in AS 26 as PO has not uploaded details on IT site. My PO account is in Gurgaon, Haryana. The PO do not seem to know about requirement of IT department in this respect. Can some one advise me whom should I approach for the same?

Replies (7)

Dear Sir, As seems you had not provided them your PAN no. so that they have deducted @ 20%. that amount not credited to your PAN due to non availability of PAN. now in AS 26 you can not view that. you need to provide them Your PAN and request them to Rectify the Return.

I agree with Sathya Mishra.. TDS rate for those not quoting PAN is 20 %. So sir you need to give your PAN to them ask them to file a revised TDS quaterly return to get your credit in Form 26AS.

AGREEE WITH MR MISHRA

I am not Agree with the expart ,  because U/s 194EE @ 20% will be deducted at the time of withdrawl of amount from NSS, So, if you provided PAN or Not,  maximum rate here is 20% & cut-off lemit is 2500.00, So, I think @ 20% deduction is justified even if the invester quoted his PAN.

Pratectically Form 26 AS will be updated when the deductor is submit his quarterly return FORM 26Q on line through FIN-FC system . And if the TDS deducted between the manth from Janurary 2012 to March 2012 , then the return filling date for this quarter is 15th May 2012 and if it was deducted in April 2012 or May 2012 then this will be 15th July 2012 . You just wait till the time of  return filling  of P.O. If u quoted your valied PAN No , your From 26AS will atomatecally updated after P.O. return filling.

I had provided the PAN. Actually PO has issued me Form 16   preared manually by them. They have  not uploaded information on IT site as t is not appearing in my AS 26. The amount was withdrawn i July 2011. So it should have been posted in Sep qtr. Can some one advise me whom to approach for forcing Post Office to do the needful?

Thanks

Sir, 

Banks    and Post Offices are the main  culprits in failing the system.

To the best of my knowledge very less No. of post offices are filing their returns (atleast once in a year) This too they include the names of those who 'DEMAND' that their TDS deductions want to be reflected in26AS.  They go on adding 2/3 deductees to their original return.

This is !!! is happening.

(In this regard for the reference of the Professional engaged in dealing with TDS filing etc. may refer to tin-nsdl.com site >AIN Search for PAO/DTO > Central Govt. - postal Dept. and verify how many post offices have obtained AIN No. - without AIN No. they  'can' not file TDS returns. Is n't it?

(There are only 6 Post Offices who have obtained AIN No. The first one Hyderabad G.P.O.)

Under these circumstances the compliance on the part of the Dept. is veRRY veRREE Poooooooooooooor.

Beware of teise facts while dealing with these depts. in money "matters"

Whatever complaint you have with post office they have very non sense staff who never  reply you and if you force them for reply then they confuse you. I had PPF A/C. at Parel post office, Mumbai-400 012 jointly with with my wifes name  which was operated regualrly by me. I had withdrawn two withdrawal from from same account. After 15 years completion of account on maturity Feb.2008 they are saying that We connot withdraw balance amount because PPF A/c. could not be opened jointly.  In simple term my money stucked in POST OFFICE PPF A/c. I want to clear all readers that I had contacted all possible source for return of my money but no body taking resposibility and taking effort for return of my money.  


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