25 September 2016
Hello, I have submitted by income tax returns for the assessment year (16-17) on time under section 139 (1). I received intimation via section 143(1) from CPC for TDS mismatch on Sep 24th, 2016 and demand note for Rs 600. When I checked my returns I found that TAN number mentioned under TDS (for one entry) is not correct and I need to update the same: I have the following queries related to filing the revised returns - 1. Can I update correct TAN and submit the revised returns ? 2. Can I choose section 139(5) for revised returns ? I have the following queries related to response I need to submit for the demand note for the above returns: 1. There are 4 options available demand is correct, demand is partially correct, disagree with demand, demand is not correct but agree with adjustment ( in my case the demand note for Rs 600 is a raised due to TDS mismatch because of wrong TAN number in the returns) Thanks and Regards, Divakar
25 September 2016
Just revise the return u/s 139(5). Don't give any answer now. Wait for the revised return to be processed. & yes you can correct the TAN no. in the revised return.
CAclubindia
