Dear All,
The banker of one of my clients, erroneously deposited a sum of almost Rs.3 lakhs in to his account, deducted the TDS and also updated it in his 26 AS form. Afterwards the bank rectified its mistake by initially withdrawing the erroneously deposited above sum from my client's account and later on refunding the TDS exclusively deducted for the said deposit to my client, all right.
However because of this very unusual mistake on the part of the bank, which till to date is not corrected in his (client's) 26AS Form, my client's over all income has got exceeded in to 5 lakhs plus ceiling and invariably his aggregate liability also increased three folds.
Is there any way to rectify the 26 AS form ? If it is possible then, through whom it can be done - the person who sufferred TDS or the one who deducted the TDS.?
If someone can advice and enlighten me on this subject both myself and my client too will be ever grateful.
With tons of thanks
Yours
K. Suresh.
CAclubindia
