State Bank Of India [SBI] — I am complaining about wrong deduction of tds from my scss a/cs | |||
As per the third proviso to subsection 3 of section 194a, no tds at source shall be made with effect 1/4/2018 in case of senior citizens where the amount of such income or the aggregate of the amount such income credited or paid during the financial year does not exceed rs. 50000. Although my interest income from senior citizen a/cs is less that rs 50000. Sbi chandlodiya branch ahmedabad has deducted tds while paying interest during quarter ending december 2018. This deducted amount is even more than 10% of interest during the whole year. Instruction may be issued to the bank not to deposit with income tax department. This amount may be refunded/paid back to me. Was this information helpful? | |||
State Bank of India [SBI] customer support has been notified about the posted complaint. | |||
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