26 as query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2013 Dear sir,
I have to file my return of income , but Isee a difference in the tax deducted as per AS26 and my form 16.I mean the tax deducted as per form 16 is more.What could be the reason , what do I need to do regarding this? Would it affect my IT return?Please reply soon ,very few days left.

Thank you so much.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 July 2013 The reason of difference could be error in filing of TDS return.

Please insist on form 16 diwnloaded from TRACES website. In case of difference between Tax Credit in 26AS and TDS as per form 16 inform employer and request to file correction return if there is an error in filing the return.

In the mean time you can go ahead and claim the actual TDS amount deducted from you in your IT return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 July 2013 Further you need not worry the onus of verification lies with the department. Recent amendment in this regard may be seen from the link given below--

https://www.caclubindia.com/forum/cbdt-directive-on-grant-of-tds-credit-in-mismatched-cases-258273.asp

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