Rectification under section 154 of income

Vivek Bharadwaj (PM) (36 Points)

02 July 2019  

I have received below intimation after my refund got processed, I am not sure what would be rectified as TDS/Credit related details are correct based on my understanding so in this case should i wait for rectification by department. My worry is that after rectification by department will i be able to respond if there is issue in their processing?

Please let me know

=====Below is the intimation

The order passed under Sec. 143(1) dated 25-04-2019 in your case is required to be amended as there is a mistake apparent
from the records within the meaning of section 154/155 of the Income Tax Act, 1961. The rectification of the mistake, as per
details given below will have the effect of enhancing the demand/reducing the refund/increasing your liability.
In case you have any objections to the same, your written reply by post may be sent to the above mentioned address within 15
days from the date of receipt of the notice
Particulars of the mistake proposed to be rectified.
In respect of the above return of income, it is proposed to withdraw your tax credit for the following reason/s:
1) TDS/TCS credit which had been given earlier is now withdrawn by your deductor. you are requested to contact your tax deductor for any
corrections in this regard.
2) The assessee has not entered the tax credit details correctly & completely in the Schedule- BTTI/Tax computation or entered TDS Deducted
year wrongly.
In this regard, you are requested to enter the correct details of tax credits or TDS deducted year as appearing in the Form 26AS in the appropriate
schedule & file Online rectification.