Tds mismatch

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2012 Dear expert,
In AY 2011-12 my total TDS was Rs. 12000/- out of which Rs. 500/- are mismatched in 26AS.
I had claim whole of Rs. 12000/- but department did not give any cradit of TDS in intimation u/s 143. In rectification filed on Feb 2012, I have cited instruction no. 1/2012 dated 2 Feb. 2012. But again result is nil.
Please advise me can I take the benefit of instruction no.4/2012 dated 25-05-2012 while filing re-rectification.

RITU JAIN

RITU JAIN (Expert)
Follow

08 July 2012 WRITE A LETTER YOUR TAX DEDUCTED PARTY PLEASE CORRECT PAN @ TAX SHOWN IN 26AS ITO CAN PASS YOUR BALANCE TAX . YOU ARE NOT WRITING IN WHICH FORMS YOU FILED TAX RETURN

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2012 I had filed my return in ITR 4S and turnover and net profit have been acceped by CPC, however they did not give the benefit of TDS credit. And mismatch is due to unmatch in challan detail filed by deductor in TDS return. And my deductor is not agree to file revised TDS return for an unmatched entry of Rs. 500/-.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 July 2012 First clarify whether credit of WHOLE Rs. 12,000 has not been given or only Rs. 500.

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 Whole Rs. 12000/- has not given.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 July 2012 Ok. Now check that have you mentioned correct TAN of the deductor in the return.

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 yes I did it.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 July 2012 If your deductor is not agreeing to file the revised return, then you will not get credit of Rs. 500.

File a rectification application. You will be allowed a credit of Rs. 11,500.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 In re-rectification I should claim Rs. 12000/- or 11500 as refundable amount?
As in original return I had claimed whole of Rs. 12000/-.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 July 2012 Claim Rs. 12,000 only. CPC will automatically allow credit of Rs. 11,500 only.

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 Should I also cite instruction no. 4/2012 Dt. 25/05/2012 in my re-rectification request.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow