Originally posted by : HonestTaxpayer |
|
Which basically means following up with the TDS deductors ... right? |
|
absolutely NO
say you paid a challan for incometax and banker credited the amount in wrong PAN number, CPC will not allow u that challan at all, and u would run piller to post to get challan in hand, ultimate result is frustation, coz incometax department rely their NSDL site, nothing else. in that case you would have to go to bank and request them to make correction so that it would appear on NSDL under your PAN
but, how you will know about the facts? neither CPC/ incometax department nor the bank would point out the actual mistake, but form 26AS would show you that how much challan u deposited, and how much it got credited, in case of mismatch, u can be able to check with NSDL with CIN printed on challan that where it got credited, and follow up the bank to rectify the same.
similer way, sec 154 rectification would be your favor only if NSDL credcit is in your PAN name and correct, otherwise you would stay in dark and never come to know where your tax deducted gone,
if you visit deductor, they will keep you aside that they have issued form 16/16A, and they can not do anything, if u go to incometax, they will reply that unless its display on NSDL they wil not allow.
with form 26AS, u can match your 16/16A in hand and can be able to point out, which entry is missing, then you can visit the deductor to get the entry corrected. and if all entries are found in order as per 16/16A in hand then you have to file rectification u/s 154 with smile and copy of 26AS, coz incometax department will have to honour NSDL records.