28 August 2017
one of my client has filled his income tax return with nil tax payable/refundable. however after he receiving intimation u/s 143(1) he checked his form 26as and found that some deductor has deducted his tds which is clearly reflected in his form 26as. as he has taken corresponding income of related tds, hence he decide to file rectification u/s 154 because time for filing revised return has been elapsed. he claimed tds amount in the column "taxpayer is correcting tax credit mismatch data only" but after 2 month, he received rectification order u/s 154 in which his claim for tds credit has been totally denied and processed the return as same as original...now how he get his tds amount which is totally refundable???? here one thing is notable that he has salary income, which he clearly shown in his original return but tds is deducted by another deductor i.e. other than his employer however his income from salary is same in both form 26as as well as in his original income tax return..has this make any difference to get tds credit??
28 August 2017
if he offers the corresponding income for the TDS nothing becomes refundable if you say even after offering that income TDS becomes refundable just make a grievance in e nivaran stating all the facts and wait for feed back
CAclubindia
