On downloading my AIS and 26AS for AY 2022-2023 in June this year I found that interest paidfor Rs.60000 and TDS Rs.6000 each on 04/08/202 and 09/02/2022 on someone else's Taxable Savings Bonds with a Punjab National Bank branch has been wrongfully reported in my PAN in IT Portal besides my interest. I mailed complaints to their customer care, submitted written complaint with the branch and mailed multiple times but to no avail. After I lodged complaint with RBI Ombudsman they replied and also to RBI that mistake has been rectified on 29 Jul '22. On that basis I submitted my ITR on 30/7/22 excluding interest income of Rs 120,000 and TDS Rs 12,000 not pertaining to me.
I also submitted feedback in AIS. But the AIS is showing this interest.
I did not verify my ITR as the rectification done by bank is not yet reflected in my 26AS. After I lodged complaint again with RBI Ombudsman on 23/08/22 the bank replied that correction would be done within seven days. I also registered my issue in MY GRIEVANCE Portal on 12 SEP '22 but no further response is received and the mistake is still there.
Sir, kindly advise me what shall I do now?
Ans: I understand you would have complied with verification requirement within prescribed time limit of 120 days.
With reference to wrong amount appearing in 26AS, as you have already taken appropriate steps, you can wait for 26AS updation.
If any tax demand is raised before 26AS updation, you have to contact CPC department of Income Tax. Through telephonic talk you have to explain the issue and request them to transfer your ITR to jurisdictional assessing officer (AO) so demand is deleted.
Once ITR is transferred to AO, you can explain to issue to AO, file copy of your communications/grievances.
You can request AO to look into issue and communicate with TDS deductor who has wrongly reported.
