TDS refund on Bank TDR

TDS 2826 views 9 replies

P.C. Joshi

service

274 Points Joined January 2009

Dear Friends,

I request for your expert opinion and guidance on the following matter:

One of my close relative, a housewife made two TDRs with SBI for Rs 4.5 lacs and Rs 1 lac respectively. The due date of the both TDRS is 23rd July. the maturity value of both will be around Rs 7.5 lacs. The lady has no other income, so she is not required to fle ITR and that's why on a wrong perception she had not obtained PAN. Recently the bank send an e mail to her to submit form 15G. When she went to bank, she came to know that already about Rs 30,000/- has been deducted as TDS for FY 2008-09 t0 2010-11. She could not digest it. Of course, she should have taken PAN but being an ordinary housewife she had no knowledge about it. She has now taken PAN but is teher any method by which she can get the refund of TDS already deducted for past years. the banks says that since she had not given PAN so the bank can not issue TDS certifcates for deduction.

i shall be grateful for a prompt reply.

Thanks & Regards

P.C. Joshi

Replies (9)

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

if she can obtain pan right now and bank would agree to revise etds for previous years then only she can get 16A and would be eligible to file return for one year only.

CA Vipul M Vithlani

CA in Practice

22 Points Joined January 2010

Bank will revise the return and update the pan of deductee. I have already done in many branches of SBI. Of course additional expenses to revised the reutrn will be born by the deductee.

amit jain

Chartered Accountant

532 Points Joined July 2008

to get refund bank needs to file revised return for earlier years.

P.C. Joshi

service

274 Points Joined January 2009

Respected Sirs,

Thanks for your learned views. I have given a written request to the concerned branch of SBI but the manager has categorically refused to revise the return saying that it is not bank's fault. is there any further course which we can legally pressurise the bank.

Thanks

P.c. Joshi

CA Vipul M Vithlani

CA in Practice

22 Points Joined January 2010

Originally posted by : P.C. Joshi

Respected Sirs,

Thanks for your learned views. I have given a written request to the concerned branch of SBI but the manager has categorically refused to revise the return saying that it is not bank's fault. is there any further course which we can legally pressurise the bank.

Thanks

P.c. Joshi

Please give me the name of branch and branch code

P.C. Joshi

service

274 Points Joined January 2009

Bank details are as under:

State Bank of India

Branch : Dilshad Garden, delhi

Branch Code : 09370

Help in thw matter is solicited. Revising chargesd of banks's ITR and other incidental expenses to be borne by us.

Ankit Jain

student

50 Points Joined July 2011

my friend presently doing job at mumbai. And he want to File ITR at udaipur.Can he do so?

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

Originally posted by : Ankit Jain
	my friend presently doing job at mumbai. And he want to File ITR at udaipur.Can he do so?

use e filing

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

@ Mr Joshi

Banks have to co operate the clients to maintain their business relations, your approach should be diplomatic and in positive manner that you are ready to bear the expenses (if any) for revision of tds return to resolve the TDS issue,

also you have to make them understand that the deposits may continue to exist in bank if such co-operation is offered by bank, and in absence of such co-operation the depositer will have no alternateive but to switch to other bank to get some better customer care, where she would get atleast minimum customer care.

I am sure that this will help you to get the matter resolved. but you have to carry the pan details in hand 1st, mere talks without pan would not help.