Prestige group of constructions, that chest beats as number one construction company and real estate developers are nothing but fraud people. May be because of slow down in real estate business, these people have indulged in overcharging customers on some pretext. In my case, they have suddenly raised a huge amount saying that they have paid excess TDS on my behalf to the Income Tax.
Before the start of the new system of deducting 1% TDS by the buyer from the payment to the builder, the builder collected the entire sum of money by post dated cheques which was inclusive of the TDS that was meant to be paid by the Prestige group.
The Accounts department of the Prestige which has so many buildings to its credit is very weak and does not have qualified accountants to monitor the accounts of individual buyers of flat. They did not remit the requisite amount of TDS on time thereby resulting in issuance of notice to the buyer under default sections. Hence, I decided to withdraw all the cheques issued to the Prestige company replacing it with equal number of cheques with amounts after deduction of 1% TDS.
The Accounts department have messed up the entire accounts raising unnecessary debits towards TDS over and above the requisite amount and finally demanding excess money on the pretext of having paid TDS on my behalf.
when i checked with the form 26AS issued by the Traces, Income tax, I was surprised that the actual amount remitted by prestige is only half of what they claim to have remitted. When I point out this anomaly, they are trying to cover up the faults and trying to say that it could be on account of some other factor which they are unable to explain. The senior executives , when confronted, say that by charging these excess amounts, they are only increasing my asset value!! and these are educated, well informed recruits of the company!!! My efforts to convince the accounts with all facts and figures are sidelined by their accounts citing other important work throwing customer satisfaction norms or honesty policy to winds! In the meantime, I have a notice saying that the registration amount is hiked by the state government thereby causing a loss of Rs 20196/- for no fault of mine as I had paid the entire registration at least 3 months ahead which was held up by the prestige for the above reasons.
I request everyone to be very careful while dealing with Prestige constructions as I find them nothing but cheats by adopting measures as cited above. My advise is not to enter any relationship with Prestige group of constructions.
Before the start of the new system of deducting 1% TDS by the buyer from the payment to the builder, the builder collected the entire sum of money by post dated cheques which was inclusive of the TDS that was meant to be paid by the Prestige group.
The Accounts department of the Prestige which has so many buildings to its credit is very weak and does not have qualified accountants to monitor the accounts of individual buyers of flat. They did not remit the requisite amount of TDS on time thereby resulting in issuance of notice to the buyer under default sections. Hence, I decided to withdraw all the cheques issued to the Prestige company replacing it with equal number of cheques with amounts after deduction of 1% TDS.
The Accounts department have messed up the entire accounts raising unnecessary debits towards TDS over and above the requisite amount and finally demanding excess money on the pretext of having paid TDS on my behalf.
when i checked with the form 26AS issued by the Traces, Income tax, I was surprised that the actual amount remitted by prestige is only half of what they claim to have remitted. When I point out this anomaly, they are trying to cover up the faults and trying to say that it could be on account of some other factor which they are unable to explain. The senior executives , when confronted, say that by charging these excess amounts, they are only increasing my asset value!! and these are educated, well informed recruits of the company!!! My efforts to convince the accounts with all facts and figures are sidelined by their accounts citing other important work throwing customer satisfaction norms or honesty policy to winds! In the meantime, I have a notice saying that the registration amount is hiked by the state government thereby causing a loss of Rs 20196/- for no fault of mine as I had paid the entire registration at least 3 months ahead which was held up by the prestige for the above reasons.
I request everyone to be very careful while dealing with Prestige constructions as I find them nothing but cheats by adopting measures as cited above. My advise is not to enter any relationship with Prestige group of constructions.
