Getting refund of TDS on Fixed Deposit with Form 16A but not mentioned on Form 26AS

POSTED BY Harsh ON October 6, 2012 1:05 am COMMENTS (4)

Dear 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

 

 

4 replies on this article “Getting refund of TDS on Fixed Deposit with Form 16A but not mentioned on Form 26AS”

  1. Yerikalapudi Govardhana Rao says:

    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

    1. Ramesh says:

      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.

  2. Harsh says:

    Thanks Manish, Even I thought so.

  3. 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

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