POSTED BY October 6, 2012 1:05 am COMMENTS (4)
ONDear Friends,
My Mother is a senior citizen and she has a pension account in SBI, in last FY they have deducted a TDS of more than 10K+ on fixed deposits. Since PAN number was not updated then, nor has the form 15 despite being intimating the bank many a times, well thats altogether different story. Now after much persuation and requests they have issued a form 16A with just now updated PAN number mentioned on it.
After reading so many stories on web and Jagoinvestor forum I find this a case of Form16A and Forms 26AS mismatch if i file a return to IT dept. Since bank has issued a form 16a with only cheque number and date via which they deposited TDS to govt and same is not reflecting form 26AS, which they said can’t happen now as PAN is updated just now.
Please advice what is the process of approaching to IT department for refund and how I should be prepared for further correction if required
Many Thanks in Advance
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R/sir
Sub: Cancellation ;of LIC policy & Refund
as per your advise i contact LIC branch local office they say nothing will come LIC email reproduced below for kind persual and advise further needful action to me to get my refund from LIC
Dear Madam / Sir,
Re: Your complaint Ref 1213063332 dated 25/11/2012in respect of your Policy number 6747655496
This is to inform you that the said complaint has been redressed
and the redressal details of your complaint are mentioned below.
Dear sir, We have already informed to you in this regard.Again we inform you that because of non payment of premiums for three years the policy has not acquired surrender value. Hence no amount is payable under the policy.
In case you have any further query, you may please contact
Mr. / Ms. N.N.Srihari
Manager (CRM),
LIC of India
Divisional Office Machilipatnam
Jeevan Prakash
Batchupet
223541 Kennedy Road
Machilipatnam
Andhra Pradesh
Contact Number : Manager (CRM)
this email i received from them you advise 30% is eligible for me ;to refund pl advise further action Thanking;you Sir Y.G.Rao Guintur cell NO:9291669225
You need to complete 3 years of policy. Which they are saying you have not “because of non payment of premiums for three years the policy has not acquired surrender value. Hence no amount is payable under the policy.”. So that is a correct thing by them.
Thanks Manish, Even I thought so.
I think you should look for a CA locally and get this sorted professionally ,. there are higher chances of further goof ups . And from now onwards better give a form 15H for your mother accounts
Manish