TDS on FDR made in the name of Registrar on the direction of the court due to disputed ownership.

[Bhawna rakheja]

Agriculture land (Rural) was acquired by the NH Authority through District Collector for widening of road. As there was dispute in ownership the matter went in Court and Court deposited the amount in the Bank in the shape of FDR. Now the ownership has been decided (Sep 2019). The case was started in November 2016. The Registrar office directed the Bank to transfer the amount as per share of the owners. It has came to our notice that the bank has already deducted TDS quarterly w.e..f. November 2016 @ 20% and total TDS amount is 12 lacs and the total owner are three. The bank has deducted TDS @20% as the Court did not submitted any PAN NO. In fact this amount is deducted from our amount and I am of the opinion that the TDS should also be reflected in our PAN. But bank has already deducted the TDS @ 20%. Neither Court staff nor bank is cooperating and we are at loss for ₹ 4 Lacs each as we are being given the amount after deducting 20% TDS. And we are unable to take refund. Please guide

AI Summary

Land Acquisition Dispute: Owners Unable to Claim TDS Refund Due to Missing PAN, Each Facing 4 Lakh Loss A rural agricultural land was acquired by the National Highway Authority for road widening, leading to a court dispute over ownership. The court directed the deposit of funds in a bank as a Fixed Deposit Receipt (FDR) until ownership was resolved in September 2019. The bank deducted a 20% Tax Deducted at Source (TDS) quarterly from November 2016, totaling 12 lakhs, due to the absence of a PAN number from the court. The three owners are now facing a loss of 4 lakhs each, as the TDS is not reflected in their PAN, and they are unable to claim a refund.