TDS deducted but not credited to Govt TDS deducted but not credited to Govt

5 years ago

I had 4 fixed deposit accounts at United Bank of India in from 2011-2015 against which PAN details were not submitted as they were not compulsory back then. The bank had deducted TDS for 4 years against such accounts and didnt credit to Govt. Neither was I informed about it. It was only after receiving the maturity value in 2015 that I realised that TDS had been deducted. I immediately wrote a letter to the then Branch manager requesting her to either refund the TDS or credit to Govt. My PAN details were also submitted along with the letter. The manager assured me that the matter will be taken care of. However no action has been taken since then. I again raised the issue this year through banking ombudsman. The present branch manager requested me to again submit my details in writing so that they can setup the KYC. Regretfully, no action was taken this time as well even after the setup of requisite KYC. I have mailed to the banking ombudsman quite a few times but received no reply from their end as well. Can I recover my lost TDS in any way? As per my knowledge, the money might be in the miscallaneous accounts of the bank.

VIMAL K MISHRA

Responded 5 years ago

A.Dear client!! Send legal notices to the bank manager of the concerned bank. If your case is not resolved then take the matter to the Banking Ombudsman by following the entire complaint procedure.
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Nirmal Chopra

Responded 5 years ago

A.What the bank has done is criminal misappropriation, which is criminal offence.u can lodge an FIR .u can also move consumer court. Banking ombudsman was set up to deal with cases like urs.but Actually it has failed to deliver thee results for which it was constituted.
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Rajender Prasad

Responded 5 years ago

A.your employer has committed an offence of breach of trust under sectin 405 of Indian Penal CODE. fOR DETAILS, PLEASE CONTACT AN ADVOCATE THROUGH VIDHIKARYA.COM
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Prithvi Raj Sikka

Responded 5 years ago

View All Answers
A.You can file criminal complaint
Prithvi Raj Sikka Advocate
Managing Partner
Law Juris
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Deepak Yashwantrao Bade

Responded 5 years ago

A.Dear client kindly contact with vidhikarya lawyer for detail discussion and further procedure.
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Rameshwar Dadhe

Responded 5 years ago

A.By advocate Rameshwor dadhe dear sir you should approach any local charted accountant for better solution please
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