Dear CAs and Tax Experts
Kindly help and suggest corrective action for the incorrect ITR processing and intimation under section 143(1) I received for AY24-25. Here are the details:
I filed my ITR on 29th July 2024. All TDS and advance taxes claimed in ITR were matched with 26AS and AIS. My employer (One of India's largest and reputed employers) has deducted TDS of INR 500000 and same has been filed in 26AS by them on 23-Apr-2024 and hence the data was updated well in time when I filed the return. I validated the same again today (10th Sep 2024) and it is still same in 26AS.
Today (10th Sep 2024) I received ITR processing notification where the intimation shows the TDS considered / allowed to be INR 340000 for the same employer missing exactly the Q4 TDS amount. Also, section 234 interest etc. is added due to it, resulting in approx 170000 demand while I was expecting some refund. All other details are matching in the intimation. This is definitely a system / processing error by CPC. I wonder why!
what rectification or correction I need to do and what process to follow exactly? My basic internet search suggests just a 'Reprocess the return' would do but I am worried what if the same error of CPC / processing repeats?
Also, anyway I can claim my minor missed TDS credit of Bandhan bank while doing this correction? If not, can this differential amount be claimed in next year's ITR? Please elaborate a bit.
Also, after rectification will I need to repond to the demand or it will automatically nullify?
Edit: Rectification/ Reprocess also not allowed to be raised due to error:
Something seems to have gone wrong while processing your request. Please try again. If error persists quote error number ITD-EXEC2002 when you contact cust omer care for quick resolution.
Regards
CAclubindia
