09 July 2011
One of my friend (a senior citizen) filed IT Return in ITR 1 for AY 2011-12. I notice that there are few mismatches in Form 26AS statement regarding TDS credits. Few deductors like post offices have not filed TDS statements at all. But the TDS claim has been made in the return of income filed with IT Department.
My question here is
a) will he get the IT Refund to which he is entitled in spite of the mismatches in Form 26AS statement ? (P.S: he has to pay tax if the mismatches are not taken into account)
b) will he be covered by press note no.No.402/92/2006-MC (07 of 2011)exempting senior citizens from IT Scrutiny ?
c) how will a common man like him can ask the govt deductees like post offices to file TDS statements ?
10 July 2011
THERE WILL BE PROBLEM IN GETTING THE REFUND CREDIT FOR TAX DEDUCTED WILL NOT BE GIVEN AND DEMAND WILL BE CREATED U WILL HAVE TO APPROACH THE DEPTT FOR GETTING THE CREDIT FOR TAX DEDUCTED IF U HAVE FILED RETURN ONLINE THEN THE PROBLEM WILL BE MORE PAINFUL