Per acquaintance of my evil 6th coujin in Malloostan: He deposited his retirement funds in CoOpBaink per their come-on with better rates. Then they said breezily that they weren't obliged to do TDS either. Happy.
Right after Nov 8 he got an IT notice demanding explanation for not reporting interests, and with heavy penalty etc. So they ARE going after individual depositors in the CoOps. If they have time for these, they must already have grabbed the huge-mysterious-deposit cases for action. No wonder hartals etc: there's serious pain behind those.
***OT FOR DeMO but relevant to why Indian baboon are "overworked" and "stressed".***********************
I don't see how GOI departments have time for anything useful. My evil 6th coujin noticed a couple of saal pehle that a certain Major Sarkari Baink had taken out much less in TDS than in the prior year (mostly in Supreme HQ's accts)
. So he wrote to the Manager to pls kindly check. No response. Escalated eventually to top of Baink (Board), so none of those oiseueles
can claim ignorance. No response. Called up a former employee of the Baink to please go there and talk sense to them - she said they were clueless. Apparently the Manager had the same mother as a local Police Chief, so no one could complain that he never paid attention to his job, and he was close to retirement. Sent relatives to try to talk to them. Same problem. Clueless led by crooked and corrupt.
July 31 came and went, Extended deadline of Aug. 31 approached, so E6C put in the Pharm Saral reporting only what was visible on Pharm 26-A at EyeTee site.
Now comes the effect of Modi-Ice-Ashun.
The IT processed the forms, and sent the refunds by October/November, long before E6C could personally go to the Baink and inform of the Birds Bees etc. in chaste Malloostani as planned. So the window for painless Revision of Saral expired. "Revision must be submitted bephor Assessment eej done onlee" etc. Common sense not permitted.
E6C marched in there in December. Demanded that they follow the law exactly, no matter the consequences, and put in the corrected 16A etc so that the right A26 could be generated at IT. They seemed absolutely shocked at this. E6C understood why (see experience below with South Indian Baink) but said no deal, that's what you are going to do or I am going to write to the Union Minister. (nooo clue how to do that...)
After some good jhapad etc, new Manager came with second-in-command to home with corrected accounts to beg, grovel etc. They also deposited in A26 per E6c's order (prescient or what? Experience already said IT may be slow, but deadly accurate, and fair).
Submitted Revision ASAP (in December) explaining that this was due to the errors by a Nationalized Baink, taxpayer had tried everything possible, etc. Didn't actually owe new payments, but the large error meant that a large refund was now firmly stuck in IT.
CPC B'luru rejected the Revision, but directed taxpayer to Local Assessor in Malloostan.
E6C went to M'stan and got help of the best Auditor firm in town, and explained situation. They said ha ha! IndusInd Baink (not the guilty party here) recently sent a credit card to one of our customers. He brought it in: It was in the name of his late grandfather. When they reported that he had passed away, the bank sent a new card in the name of "The Late XXXXXX".
Anyway, Auditor got new Revisions submitted with Letter to local Ass... Who bounced it to EKM Higher Ups.
Who bounced it back asking to submit Revised Revision of Revision of Revision to CPC B'Luru.
Who bounced it back to Local Assessor.
... it is now bouncing back somewhere between these bozos. The Action List looks like a grocery store checkout tape.
All for a simple error made by the GOI's dear Baink aphsars through sheer laziness and despite dozens of warnings.
Such is the reality of the Tritiya Bhoogol Atishakti.
OTOH, experience from the last time this happened (South Indian Baink blamed Karvy Computing for not reporting the TDS, taxpayer estimated the TDS and reported the unreported interest, and got slammed by IT, rejecting the reported TDS because it didn't show on A26 but gleefully accepting the reported interest and hence demanding back taxes and penalties).
That time, E6C asked SIB to **NOT** report or deduct the TDS because he had already paid it by challan. No dice, the dumbasses went and deposited it. It was now stuck at IT Baboonistan.
(E6C then withdrew all depojits from SIB). Not that the 35 paise hurt them a lot given that they are the preferred Baink of a Certain Community, given the reticence about TDS etc.
Taxpayer put in Revision. Rejected. "No fault of IT dept seen"
Eventually wrote to Ombudsman. Ignored.
4 years later a mysterious letter came from CPC (this was soon after Modi win) asking WTF all that was about. Provided a succinct form on the web where the facts were reported.
About 2 weeks later, the full refund came with 9.9% compounded interest.
Such is ALSO the reality of the Tritiya Bhoogol Atishakti.
They just have no Procedures to figure out how to deal with ppl hu r too stupid to be crooked, and hence try to tell the truth. Too rare, hain, in the Land of HarishChandra?
As for the Board of Indian Baink,
May their Repaid NPA Loans all be in Paki counterfeit 1000re notes soiled with pakistan. May the ED take away their luxury cars and raid their crooked residences.