06 February 2016
Dear Sir, Assessment order passed u/s 143(3) of Income Tax, 1961 and Demand u/s 156 were also issued along with due to non deposit of TDS by Deductor after deducting the same. Now , Can we go for rectification u/s 154 of the Act, even though the same is not reflecting in Form 26AS. Pls. give a appropriate answer?
11 February 2016
Demand due to mismatch in TDS claimed by Assessee and 26AS are generated through automated process of CPC. These can not be rectified by filing 154 unless credit is available in 26AS.
Please ask your deductor to provide you Proper TDS certificate generated from TRACES. When it reaches in your hand, it means deductor must have done due correction in his tds return and automatically credit will appear in your 26AS.
Then you should file revised return or you may simply response to demand online for re-processing. The demand will be nullified after above process.
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