Grievance Redressal Against PNB Housing Finance

#1
Hello boarders,

Can any one advice, against PNB HF. I have a FD with it and for FY 12-13 they have deducted TDS on the interest. However they have failed to issue me a TDS cert, neither I am able to see the entry in my form 26AS Several attempts to resolve the issue have failed to yield any result. So kindly suggest me whether it's the SEBI or RBI or anybody else where I can lodge a complaint.

Regards

Sameer
 
#3
Alchemist ji ,

Negative , all this time I have been dealing with there Pune office. It's good that you informed me of this Delhi based grievance redressal cell. I will take this issue with them. However am I right in saying that since PNB HF is not being able to issue me a TDS cert in spite of cutting the TDS, they have committed a offense/fraud.

Sameer
 

Alchemist

Administrator
Staff member
#4
However am I right in saying that since PNB HF is not being able to issue me a TDS cert in spite of cutting the TDS, they have committed a offense/fraud.
Many PSU banks are no longer issuing separate TDS certificates. They just give a copy of 26 AS and interest certificates (which may mention the TDS details).

If the company has deducted tax and not deposited the tax with the IT department, then it is an offense.

Mostly probably what has happened is that the company deposited the tax, but with wrong PAN details.

This is very very common with PSU banks and PSU NBFCs. If you want to avoid such issues in future, you should either stop making deposits with PSUs or submit form 15G/15H to avoid tax deduction.

I suggest you follow the standard grievance redressal process. In 2-3 months the company will correct the PAN details and the TDS credit would show up in your 26AS form.
 

magnet

Active member
#5
But won't it be an offense if tax is liable on a person and he still fills 15G or 15H form just to avoid paying TDS and later repaying it in return?
 

Alchemist

Administrator
Staff member
#6
But won't it be an offense if tax is liable on a person and he still fills 15G or 15H form just to avoid paying TDS and later repaying it in return?
You are right, but banks encourage all customers to fill these forms to avoid TDS. TDS is a big headache for banks too.
 

magnet

Active member
#7
You are right, but banks encourage all customers to fill these forms to avoid TDS. TDS is a big headache for banks too.
Actually I myself too is thinking to do the same. Because of late I have been hearing a lot about TDS deposited to wrong PAN. And since I am filing for senior citizens of my family I feel chances of objection raise is minimum.
 
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