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Rectification under tax credit mismatch

TDS / TCS 436 views 3 replies

1) AY 2014- 15   . TDS of Rs 3000 appears after refund is credited in bank. This Rs 3000 not claimed in original return. Rectified the return with tax credit mismatch. Intimation received today - no refund no demand

2) AY 2016-17  TDS of rs 32468 c/f from AY 2015-16  claimed in original return but with deduction year 2015 (correct is  2014) . Rectified the return with tax credit mismatch with correct deduction year. Intimation received today - no refund - no demand.

Am i going wrong somewhere.  How can i claim those TDS. then??????

Replies (3)

1) If TDS is overlooked in original return then you could have revised the return when the TDS appeared.  See that the corresponding income is taken. Now take it in AY 2017-18 return taking deduction year as 2013.

2) if the TDS is claimed in original return and if year of deduction is wrong then according to me it is a rectification of mistake apparent from record.

Other experts also put in their inputs.

 

What to do if Income tax refund has not been received and while logging into portal, Tax credit mismatch is being shown.

It reads as follow-

Amount claimed - Rs. 51,500

Amount available in 26 AS- RS. 39,900

Note- The refund claimed of Rs. 51,500 was available at the time of filing ITR as well as today also it is apperaing in 26 AS at Rs. 51,500.

This relates to current AY i.e. 17-18 and no communication received from department. ITR was filed before due date.

If the entry is there in 26AS- check if the status is F.

If it is not F then ask your client to rectify TDS return

If it is there no need to worry.


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