Hi All,
My Mom recieves Pension from BSF (Border Security Force) and her account is in SBI, which deducts TDS in Qtr 4 every year. For FY 2009-10 and FY 2010-11 they have duly deducted TDS from her account. She had filed her Tax returns and recently we received an Income Tax Order stating that she has to pay Tax with penalty of around 42k for one of the FY.
On going through the details I came to know that though the TDS was deducted by SBI, the same is not updated in Form 26AS and hence as per the records of IT Dept the Tax is not paid.
On verifying the Form 16 provided to her for both the FY, I figured out that for one of the FY i.e 2009-10, the Acknowledgement Number is updated for the TDS remitted to IT Dept, however for the other FY i.e. 2010-11 it is not updated and it mentions that the number is not available. The TDS amount deducted alongwith the internal Challan Number of SBI is mentioned in the Form 16.
I am really confused. Need to know how do I handle this. Whose responsibility it is to update the TDS collected from the Pension Account Holders to Form 26AS? Is it of SBI who deducts the TDS or the BSF from whom the Pension is received?
The response that I received from SBI was pathetic. They donot have any details and asked me to get in touch with there Tax Consultant who handles the remittance of the Tax to IT Dept. But since I was in my hometown (Gwalior) for a very short time period I could not meet him. Currently I'm in Bangalore and would like to know if this issue can be directly dealt with Income Tax Department. Please guide.
CAclubindia
