CA PuRvI M!$rA (-) (2260 Points)
04 March 2014I filed ITR for AY 2013-14 of one of my client. He is an Bank Employee.
When I filed ITR, TDS was not reflected in 26AS but he had Form 16 at that time, so i filed it on the basis of form 16 claiming the TDS. Amount of TDS is now reflected in 26AS.
Today I received Intimation u/s 143(1), in which Tax liability of the same amount is showing.
Now please suggest me what to do whether I have to file a revised return or something else.
Please reply ASAP.
CA-CWA RAVI
(CA-CWA in industry)
(5464 Points)
Replied 04 March 2014
The problem is basically with the TDS return filed by the employer of the employee i.e the bank. You first ask your client to get the tds return 24Q corrected of the bank of the respective quarter whose credit is not showing in 26AS.
It will automatically show the amount in 26AS of the employee concerned in 14 days of filing etds correction statement.
thereafter send the 26as to the A.O or file 154 with the juridisctional AC.
CA PuRvI M!$rA
(-)
(2260 Points)
Replied 04 March 2014
Thanks Ravi,
But now TDS is reflecting in 26AS.
Should I go for rectification request in assessee's account?
Pradeep Gupta
(Accounts Manager)
(298 Points)
Replied 06 March 2014
If the TDS amount is reflecting in 26 AS, then it is well and good.
Now you need to write a letter to the concern jurisdiction officer and attach the copy of 26 AS.
It will be best, if you can go and meet the Assessing officer and express your contention.
They will recall/cancel that intimation letter.
No need to pay any tax or file rectification u/s 154.
Chakravarthi K
(kchakravarthi2008@gmail.com)
(112 Points)
Replied 07 March 2014
if it is filed online then you need not to go anywhare, just opt for rectification request there you can provide the information again and it is enough to get complete the assessment
CA PuRvI M!$rA
(-)
(2260 Points)
Replied 08 March 2014
thanx Chakravarti,
Return is filed online and If I file Online rectification then in how many days assessment will be completed?
CAclubindia
