Sir,
This year again SBI already deducted a lum sum amount for itax from my int . of Fd under Sr. Citizen Saving Scheme . On query it is informed to me that more lum sum amt are due to be deducted . I do not come under itax & used to submit 15 H Form . My income exceeds 3 lacs but maximum deduction under 80C saves me from itax. I use to submit return every year. SBI advised me to submit return for refund and also added that they have nothing to do and in the new system IT dept. deducts itax from the bank A/C directly. My question is here why dedn. is not made from interest of other FD A/C . I would like to know whether it is fact , if not , what is the remedy to get rid of such wrong TDS . Despite of submission of 15 H it is every year prctice of Banks in some cases . Where I can report against this wrong TDS for necessary action.
With regard ,
Sudhir Saha
CAclubindia
