Easy Office
LCI Learning

Mismatch between form16 and as26

This query is : Resolved 

27 August 2015 I received a notice from the IT dept for AY 2009-10 for outstanding demand of Rs 32500. It was raised due to mismatch between form16 tax deduction of Rs 116000 and tax credit in AS26 of Rs 95000. Amount demanded is the difference between the two of Rs 21000 plus interest for last 5 years. When I called on my dept they are lazy to dig out old records and not responding properly. The mistake is not mine but a govt dept's. They are not helping to resolve it. How to handle this for a resolution as all my returns are held up. Pl advise.

29 August 2015 your Form-16 shows TDS deducted 116000/-. But deposited only 95000 as appearaing in 26AS. Therefore there are two actions:
1. Follow with your govt. deptt. Finance Deptt. and write letters for finding the reason for not depositing the full all amount. Ask them to deposit immediately even now by rectifications procedure as per IT rules.

2. Send a copy of Form 16 along with copy of notice to your AO immediately explaining same mistake.

Otherwise Tax deptt. will charge from you whole balenec amount as it is your IT return but not of Comapny.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query