PRAKASH A SOLANKI (Accountant) (42 Points)
21 August 2017What to do when Income is not taxable i.e 1,29,000/- and tds Deducted 9363/- and refund received only 1060/-
i talked with cpc bangluru and rectification department but all they are helpless they cant solve the problem. please anybody can solve this problem i received initimation 143 (1) after request on saturday, but no refund
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 21 August 2017
Unless the nature of TDS (section) is known....... difficult to judge....
CA PRAVEEN PACHALAG
(CA )
(208 Points)
Replied 21 August 2017
rama krishnan
(12239 Points)
Replied 21 August 2017
Kiran. S
(CTO)
(745 Points)
Replied 22 August 2017
1) I hope you have filed ITR for AY 2017-18 (FY 2016-17) and claimed all TDS present in 26AS i.e9363
2) If there is mismatch in ITR and 26AS then tell your deductors to file TDS return and see that 26AS matches with 9363..
3) If the 26AS is showing Rs 9363 and if you claimed less you cannot rectify but you have to revise the return u/s 139(5)
4) if the 26AS is showing 9363 and if you have claimed 9363 in your return then you can rectify with reprocess..
Kiran. S
(CTO)
(745 Points)
Replied 22 August 2017
1) I hope you have filed ITR for AY 2017-18 (FY 2016-17) and claimed all TDS present in 26AS i.e9363
2) If there is mismatch in ITR and 26AS then tell your deductors to file TDS return and see that 26AS matches with 9363 and rectify..
3) If the 26AS is showing Rs 9363 and if you claimed less you cannot rectify but you have to revise the return u/s 139(5)
4) if the 26AS is showing 9363 and if you have claimed 9363 in your return then you can rectify with reprocess..
PRAKASH A SOLANKI
(Accountant)
(42 Points)
Replied 22 August 2017
What to do when Income is not taxable i.e 1,29,000/- and tds Deducted 9363/- and refund received only 1060/- i talked with cpc bangluru and rectification department but all they are helpless they cant solve the problem. please anybody can solve this problem i received initimation 143 (1) after request on saturday, but no refund
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PRAKASH A SOLANKI
(Accountant)
(42 Points)
Replied 22 August 2017
Dear Dhirajbhai,
Deduction was u/s 194 J ihave attached 26as
PRAKASH A SOLANKI
(Accountant)
(42 Points)
Replied 22 August 2017
DEAR KIRANJI,
HOW I RECTIFY WITH REPROCESS PLEASE WILL YOU ADVICE ME HOW TO REPROCESS.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 23 August 2017
It is case of tax credit mismatch. Only Rs. 1030/- Rs of TDS is accounted and refunded back. Remaining TDS amount of Rs. 8333/- is not accounted by CPC.
Solution: After login > My Account > Tax Credit Mismatch > select AY 2017-18 & submit...... check the result......
PRAKASH A SOLANKI
(Accountant)
(42 Points)
Replied 23 August 2017
Dear Dhirajlalji,
This is the credit mismatch report Attached, now what to do for this, please Advice sir
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 23 August 2017
OK.
File rectification as: Login > e-File > Rectification > [Income Tax] [ AY 2017-18] .........
communication reference no. as per the 143(1) intimation...... write recalculate/reprocess.....
Kiran. S
(CTO)
(745 Points)
Replied 23 August 2017
most probably ur TDS sheet is wrong.
26AS says
Co Name :- Advisors - TAN No:- MUMM43589A - Rs 8333
Co Name :- Resourcing Solutions - TAN No - MUMM43590B - Rs1030
It appears you have claimed entirely on advisors/Resourcing solutions.
Rectify the Tax credit sheet and submit. In case there is No refund No demand then you have to revise the return with correct TDS.
If you have not put other companies name and TAN and amt then it will be treated as no claim and you have to revise the return.
CAclubindia
