About excess TDS - Sec 194A – I filed ITR1 on dt 3-7-2018 for AY 2018-19 after verifying entries of my 26AS ( up dated till 27 June 2018) by e verification of form 16A from the web site of TRACES. TDS amount mentioned in form 26 AS was same as the amount actually deducted from me.
Recently in September 2020, while going through my accounts I find an amount of Rs 11580 was also deducted by the SBI as TDS in q4 of FY 2017-18 without any intimation to me from 3 deposits under Sr Citz saving Scheme . The deduction of the amount also did not figure in 26 As on dt 27-6-2018 at the time of ITR filling. Curiously I again rechecked the e verification of form 16A of all the 4 quarters of FY 2017-18. There is no change in them , but surprisingly , a change was found in 26AS ( data up dated till 15-sep-2020) which shows deduction of TDS of Rs 11580 (.trans action dt 31-Mar-2018 and dt of booking 30-May-2018). This deduction was shown in partA (deduction without 15H) of the 26AS even though 15H was given.
ISSUES :- A) I gave form 15H for all my deposit accounts to SBI in April 2017, acknowledged by SBI , yet SBI deducted TDS .
B)The TDS amount of Rs 11580 was not in the 26AS in 27- june-2018 but appeared in 26AS dt 15-sep-2020 for Ay 2018-19. The TDS alteration of Rs 11580 was effected subsequently after 27-6-2018 , after filing of ITR. In September 2020, bank could not provide me form 16A for TDS amount of Rs 11580 deducted in q4.FY2017-18.
C) The TDS amount includes Rs 3091 with drawn by the bank from the Sr Citz Saving Scheme deposit amount which is operated by the Govt of India as a social security scheme , In other wards the bank has withdrawn Rs 3091 from the Govt account .
D) As a consequence of the above the interest from the deposit is reduced by Rs 65 per quarter effective from 1-4-2018. , putting me to recurring loss.
E) On completion of term of 5 yrs of the deposit I get Rs 3091 less than what I deposited in the senior citizen scheme of the Govt.
Request Advise : 1) Whether changes to 26AS are permitted with/ without intimation , after issue of final form 16 &16A to the tax payer enabling him to file the returns in time correctly .
2) Will the I T dept accept the TDS amount Rs 11580 mentioned in the form 26AS as received by the I T department without the back up of form 16A. giving Chillan details since the entry into the 26AS is by TRACES .
3) Is the bank empowered to with draw from the deposit money ( Govt money ) to pay tax to Govt during the mid course of the term of deposit?
4) .Since I had paid the tax correctly , I have to get back the excess TDS .How to get back Rs 11580 from the bank with s/b interest rate on Rs 8489 and Sr citizen interest rate on Rs 3091.
M.P.Sastry
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