How to recover LOSS from bank for WRONGLY MADE TDS?
Respected Experts,
(1)
We are Sr. Citizen couple having investment in a bank. Despite submission of form 15H in time for the FY 2016-17, the bank has made substantial amount’s TDS on the accrued interest(up to 31-3-2017) on 13-4-2017 and deposited to IT.
(2)
Our TDR’s are @ 10.5% since 2011 and matures in 2019. So still 2 yrs span is pending. Due to this TDS, we are looser of considerable amount in maturity value.
(3)
The bank has given a monotonous reply of filing a return and get back the amount. This may take 6 to 8 months. But who will give me interest @ 10.5% today and what about the recurring loss of the promised interest?
Experts are requested to help and guide us that:
What steps can we take against the bank to fulfil this loss? How?
Navinbhai / 19-08-2017
CAclubindia
