One of us client received Intimation u/s 143(1) for A.y. 2013-14.. In that thay show that our TDS is of Rs.12274, While in Return we have claimed TDS of Rs. 20861, Bcz at that time 26As show that figure..
And our 26 AS also show TDS of Rs. 12274 now, It means that I think 26AS is now updated, in which earlier there was mistake..
Now what should I do for reply of notice u/s 143(1)???
04 March 2015
But if there is every thing is okey now, Means New revised 26AS shows true possition.., then what should we do?/ For replying of Notice U/s 143(1)
Whether we should rectify return???or something else??
04 March 2015
if now it is showing rs 20 861 then wat will u revise as u have taken this in itr and also now its showing in 26as so only option is to file rectification request
04 March 2015
Sir, Actually may be at that time deductor show someone else's income in our 26AS and deduct more TDS (i.e. 20861)
And the person is salaried, and I think there is mistake by that deductor..
But now in revised 26AS they show less income(i.e. 322506) and less TDS of rs. 12274.
Thus Now i want to Revise return, by decresing my Income to 322506 and showing 12274 TDS..
Bcz If i will ractify my return then I can make change only in TDS amount, and mot in income..Thus my income will be more in comaparision to TDS.. and then There is Tax liability will arise..
And also I have filed return in due date thus I can Revise it..That's why I want to revise..
04 March 2015
first step is to see whether all dedcutors who deducted tds have correctly issued u certificate of tds deduction, then check amount with 26 as and form 16A.
then what u claimed in itr is matching with the tds certificate and 26as check that.
if u revise return chances are that srcutiny notice shall come u/s 143(2)
CAclubindia
