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Less TDS Considered

VIKAS KAPOOR (MANAGER ACCOUNTS) (143 Points)

29 April 2011

WE CLAIM TDS ON OUR RETURN700000/- BUT KNOW WE RECEIVED COMPUTATION U/S 143(1) UNDER WHCIH THE DEPARTMENT CONSIDERED OUR TDS CLAIM ONLY350000/-. OUT CLAIM IS TALLY WITH NSDL FORM26AS.THEN WHY THE DEPARTMENT NOT GIVING THE FULL CREDIT TO US.

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6 Replies

CA. ANKUR JAIN (CA.....) (2800 Points)
Replied 29 April 2011

Hellow vikas

Dont worry bro its not a big issue.........

it is a departmental fault and they will make it correct

you just neeed to do the followings:-

First of all prepare a letter addressed to your A.O, asking him to RECTIFY(u/s 154) the intimation.

attach form 26AS or ORIGINAL TDS CERTIFICATES of Rs. 700,000/- alongwith above letter.

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Harpreet (* * * * * *) (1670 Points)
Replied 29 April 2011

agreed wid above reply

CA. Arpita Singhal (Partner) (100 Points)
Replied 29 April 2011

Agree with Ankur but attach both a printout of 26 AS as well as TDS Certificates. That will make your application U/s 154 more evident.

Mohit Bhandari (Article CA Final Student) (38 Points)
Replied 29 April 2011

If amount is tally with 26AS then nothing to worry dpartment will rectify their mistake

Sandeep Keswani (Tax Consultant) (1064 Points)
Replied 30 April 2011

File an application for Rectification u/s. 154. Attach a copy of Form No. 26AS (or all TDS certificates) for the amount claimed - i.e. Rs. 700000/-. Department will pass suitable Rectification Order correcting the above mistake.

If return was filed online, then also file Rectification application online. This can be done by signing in your a/c. on the income tax efiling website www.incometaxindiaefiling.gov.in, under the menu "My Accounts". As soon as u upload the Rectification Application, u will get a copy of the same. You can also check the status of your online Recitification Application on the efiling website.