11 May 2012
Sir, I had recd a intimation u/s 143 from the CPC Bangalore whereby a difference is showing among the tax refundable shown in col 40 and Net tax refundable shown in col 46 of the intimation. The difference amounted to Rs. 800 and no clarification had been provided in the intimation regarding the deduction
12 May 2012
Compare the intimation with the original return and ascertain the difference. Most probably the difference may be due to non-allowablity of TDS claim.
Check whether you have filled in correct TAN and other details of TDS. Also view Form 26AS to check whether TDS is appearing in the Form.
Then correct the errors and file a rectification application.
12 May 2012
Thnkx for reply sir The whole credit had been allowed in the intimation This is shown as under: TDS 15415 (as allowed) Add Intt 300 (approx.) Total tax refundable 15715
net amount refundable 15118
now i cant understand then reasons for difference. No past demand had been shown in the intimation
12 May 2012
Column number 39 mentions that delay attributable to assessee is 5 months (you have filed return in Dec 2011 which was to be filed by 1.8.2011).
That is why there is a difference in the amount of refund.
However, the refund amount is lower than the refund amount claimed without interest.
12 May 2012
Actually the provision is that interest is payable to the assessee in case of delayed refund. However, where there is any delay on the part of the assessee, the period of delay attributable to the assessee is excluded from the period of refund.
But, this should not reduce the amount of the original refund.
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