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TDS Income Tax

Anand (Accountant) (130 Points)

24 August 2019

My income tax return is filed. But TDS refund not apply in income tax itr... what can I do ?

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13 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177754 Points)
Replied 24 August 2019

Revise it u/s. 139(5) of the act...

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Manoj (Student) (267 Points)
Replied 24 August 2019

Revise the return and claim TDS refund.

Kapadia Pravin (17259 Points)
Replied 24 August 2019

File revised return afap and fill TDS schedule. TDS should match with 26AS statement.

MEENA VIVEK (253 Points)
Replied 24 August 2019

First you will Verify your 26AS Statement TDS Claimed by you is available then you will file your revised Return.

Raman Singla (Accounts Services) (167 Points)
Replied 25 August 2019

If TDS schedule is filled completely from our side and one of the TDS deductor not submit the TDS than whatever refundable TDS amount will be refunded or put on hold...

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177754 Points)
Replied 25 August 2019

Only the amount reflecting in form 26AS::: as flagged 'F' ::: will be available for refund/adjustment against tax liability.

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MEENA VIVEK (253 Points)
Replied 25 August 2019

You will said the deductor to file related Quarterly return then only it will appear in 26AS.Otherwise you will not able to claim the refund.

Raman Singla (Accounts Services) (167 Points)
Replied 25 August 2019

But if Deductor not filed than can we claim/provide information particular with that TDS amount with TAN of Deductor...

MEENA VIVEK (253 Points)
Replied 25 August 2019

But they will issue 143(1) with demand that is You will pay tax for that TDS amount with interest otherwise they will adjust it in your previous or future refund amount.

Raman Singla (Accounts Services) (167 Points)
Replied 25 August 2019

suppose in 26 AS TDS AVAILABLE RS. 90
AND OUR TDS CLAIMABLE RS 100...
WE PROVIDE INFORMATION OF RS. 10 WITH DEDUCTOR OF TAN...TAX REFUNDABLE RS 100 AFTER TAX LIABILTY...THAN RS 90 WILL BE REFUNDED AND BALANCE 10 WILL BE ON HOLD

OR

WHOLE REFUND WILL BE PUT ON HOLD

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MEENA VIVEK (253 Points)
Replied 25 August 2019

No.You will get RS.90/ as refund.It is not possible to claim the balance amount RS.10/ now.If it is available in the next month you have to file Revised Return before 31-03-2020 For Return assessment year is 2019-20(31-03-19).