14 April 2014
One of my friend filed IT return through an auditor for FY 12-13 and FY 11-12. While filing return self assessment tax was paid and in the challan Assessment year wrongly mentioned by the auditor while paying the tax. Now IT has served the demand notice and later upone advise from auditor went to central cpc zone we submitted the revised return mentioning the fact. It was denied and mentioned that THE ASSESSEE HAS SUBMITTED AN E-FILED RECTIFICATION REQUEST, TICKING THE CATEGORY - 'TAX CREDIT MISMATCH' BOX, UNDER THE CATEGORY - 'TAX PAYER IS CORRECTING DATA FOR TAX CREDIT MISMATCH ONLY'. AS SEEN FROM THE E-FILED RETURN OF INCOME, FILED BY THE ASSESSEE, THERE IS A VARIANCE IN THE TAX CREDITS CLAIMED & ALLOWED. THIS VARIANCE IS DUE TO THE NON-AVAILABILITY IN THE ASSESSEE'S ACCOUNT, AS PER FORM.26AS OR INCORRECT ENTRY OF THE AVAILABLE TAX CREDITS, IN SCH.TDS/TCS/IT/DDT/FBT. HENCE, THE ASSESSEE'S REQUEST FOR RECTIFICATION, UNDER THIS TYPE, CANNOT BE ACCEPTED. THE ASSESSEE IS REQUIRED TO VIEW THE TAX CREDITS AVAILABLE, IN FORM 26AS, IN THE 'MY ACCOUNT' TAB, AFTER LOGGING IN TO THE WEBSITE http://www.incometaxindiaefiling.gov.in AND ENTER THE EXACT DETAILS, IN THE RESPECTIVE SCHEDULES, BY OPENING THE 'MY ACCOUNT' TAB THEREIN AND SELECTING 'TAX PAYER IS CORRECTING DATA FOR TAX CREDIT MISMATCH ONLY', UNDER THE RECTIFICATION REQUEST TYPE. THE ASSESSEE IS THEN REQUIRED TO GENERATE & UPLOAD THE RECTIFICATION XML. IF THE TAX PAYMENTS CLAIMED, ARE NOT AVAILABLE IN ASSESSEE'S ACCOUNT, AS PER FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THE BANK/DEDUCTOR AND ALSO GET THE CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE. THE ASSESSEE IS THEN REQUIRED TO FILE AN ONLINE RECTIFICATION REQUEST, BY OPENING THE SAME 'MY ACCOUNT' TAB THEREIN AND TICKING THE CATEGORY - 'TAX CREDIT MISMATCH' BOX, UNDER THE REQUEST TYPE - 'NO FURTHER DATA CORRECTION REQUIRED, REPROCESS THE CASE'.
Need experts suggetion how to rectify this issue and file the revised IT return for FY 12-13. Can any one advise. Regards, Anantha krishna
14 April 2014
We dont know how you have sent rectification request . . if there is mistake in selfassemment tax it may be credited to the year to which it is wrongly stated,so credit in 266AS may not be available asper your comuptation . . so make a letter to Assessing officer requesting correction to mistake in Challan . He will do the need ful . Better ask him to take his auditor help who has filed return earlier.and he will take care
14 April 2014
Since this centralised processing are there any other option to correct the 26AS. Will banker can correct this? Auditor is not showing much interest and he asked us to submit the revised return along with copy of tax paid challan `since he resides at different place and my friend got transferred from that place to Bangalore now.
"THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THE BANK/DEDUCTOR AND ALSO GET THE CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE." . In the above situation you may try to take the help of the bankers for a limited period of time. As suggested by the expert, the concerned A O only can rectify the assessment year in the challan and can initiate the steps to provide tax credit.
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