Tds credit not given in the 143(1) assessment

This query is : Resolved

Dhiraj Kalal (Querist)
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28 April 2014 The Assessee had filed the return in which claimed the tax credit of 80500 same were shown in the Form 26AS. but int the intimation U/s 143(1) the calculation done by IT dept. had not given the same credit & allowed only 67620 .thus instead of getting the refund of approx 8000 they had raised the demand of tax approx 4600 .what should i Do Pease reply at the earliest

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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28 April 2014 File 154(1)rectification return.

OM SAI SRI SAI JAI JAI SAI

CA Sanat Pyne

CA Sanat Pyne (Expert)
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28 April 2014 Once logged in you can find “My Account”. Under “My Account” there is a tab called “Rectification Request” which will allow you to file your rectification online on submission of CPC Communication reference number which is mentioned in the intimation u/s 143(1). You have to select the assessment year for which you wanted to file rectification. Remember only cases where you have received intimation u/s 143(1) can be considered for online rectification as it requires reference number of those intimation automatically sent by CPC. Cases where no intimation received u/s 143(1), you may go to “Request for Intimation u/s 143(1)/154” and request for copy of intimations already sent (but lost or unable to retrieve etc). Upon request the system (CPC) will forward the copy of intimation u/s 143(1) directly to the registered e-mail address. It may take few days to get it. Upon receipt of the same you can proceed to rectify using the procedure given above.
On providing valid Communication reference and date of order, you will be provided with a “Rectification Request Type”. There are three categories provided which will cover all the required corrections, they are namely:-
Tax Payer is correcting data for tax credit mismatch only
Tax Payer is correcting the data in rectification
No further data correction required. Reprocess the case.
A. When you select the category 1-“ Tax Payer is correcting data for tax credit mismatch only” the following will be displayed for correction
TDS on Salary details –
This is meant for providing information about your employer, TAN of employer, Income under the head salary and Tax deducted on it. You can enter details for more than on employer
TDS on Other than Salary details
This is meant for providing information about name of the deductor, TAN of the deductor, Tax deducted and TDS claimed for the year. You can enter details for more than one party.
IT Details
This is meant for providing correct information about your advance tax and self-assessment tax challan details. In many case Assessee used to enter wrong information or the banker would have updated with incorrect information. In these cases you can first visit your Form 26AS to find out exact details of tax credits and then try for rectification. Even a very small mistake will give big difference and you will get intimation to pay tax along with interest. The following details can be corrected under “IT Details”.
a. BSR Code
b. Date of Deposit
c. Serial number
d. Amount
In this tab you can provide correct information to process your return further.

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