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Form 26as tds amount changed

Kaustav Das (Student) (48 Points)

28 July 2014

I do my own e-filing and I'm stuck with a problem. I'd really appreciate your help to solve my problem.

I e-filed form ITR-4S (original late return u/s 139(4) for AY 13-14) in May'14 & got my refund in June'14. But, in the meantime, I noticed yesterday in my form 26AS that the amount of TDS refundable has increased. Does that mean that my tax deductor was late to file their return? What should I do now to claim the excess refund amount?

Please advice me.

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15 Replies

Intermediate Student (-) (644 Points)
Replied 28 July 2014

rectify your return using cpc reference no

1 Like

NILA REJESH P (Chartered Accountant) (815 Points)
Replied 28 July 2014

Rectify the return.

1 Like

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 28 July 2014

Kaustav, in my opinion you should revise your return because you got the amount you claimed in return, so there is no mistake in return.Therefore no question of rectification arises.

Hitesh Khanna (Accounting & Finance Taxation Company Law Audit ) (839 Points)
Replied 28 July 2014

@ Kaustav you are an early bird for you that filed your Return for the F.Y. in 2013-2014 in May 2014 .

Itsa general Practice that we all follow here to file returns after 15th June as by this time one gets the most updated records.

In your case I would suggest you to

1. File revised Return.

2. The department already has a record of the TDS refunded to you for the FY 2013-14 and shall redund you the balance TDS which was not claimed by you earlier.

3. Filing return early in May 2014 and updation of records by Business houses later on isa valid ground for Filing Revised Return.

Rohit Article Assistant ( ) (52 Points)
Replied 28 July 2014

i agree with vishal

Harshil (student) (65 Points)
Replied 28 July 2014

I also agree with VISHAL

Sheel Shukla (Partner) (21 Points)
Replied 28 July 2014

filing revised return is the only option. also ensure whatever income has been reflected in 26 AS has been considered by you in your tax return.

Kaustav Das (Student) (48 Points)
Replied 28 July 2014

@ Hitesh. I submitted late return u/s 139(4), i.e. AY is 13-14, FY-12-13.

Originally posted by : Hitesh Khanna
	@ Kaustav you are an early bird for you that filed your Return for the F.Y. in 2013-2014 in May 2014 . Itsa general Practice that we all follow here to file returns after 15th June as by this time one gets the most updated records. In your case I would suggest you to 1. File revised Return. 2. The department already has a record of the TDS refunded to you for the FY 2013-14 and shall redund you the balance TDS which was not claimed by you earlier. 3. Filing return early in May 2014 and updation of records by Business houses later on isa valid ground for Filing Revised Return.

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 28 July 2014

If you have filed a late return , then it is not possible to revise it.

1 Like

Hitesh Khanna (Accounting & Finance Taxation Company Law Audit ) (839 Points)
Replied 28 July 2014

Well As per Law I totally Agree with @ Saloni.

Practically if the unclaimed amount is a Good Amount, then you can try filing a revised return.

ajay (advocate) (211 Points)
Replied 28 July 2014

Your return could not be revised .its a late return

Suchitra Agrawal (Credit Manager in ICICI Bank) (62 Points)
Replied 28 July 2014

Hi Kaustav

As per sec 139 (5) revised return can be filed within 1 year from the end of relevant A.Y.or before completion of assessment whichever is earlier and revised return can be filled only if you have filed your return within due date as prescribed u/s 139(1). In your case you have filed your return after due date which can not be revised later.

Therefore you can not revise your return. The another option to you is to submit the application for rectification as per sec 154. Rectification can be filed within 4 year form the end of the relevant A.Y>

pavanesh (propriator) (33 Points)
Replied 28 July 2014

file revised return with increased TDs amount

Rupesh Soni (Taxation Consultant & CA final student) (493 Points)
Replied 28 July 2014

agree with suchitra agrwal...bcozz ur return had already proccesed..u hve t..o opt for rectification us 154 ....u shount go for revised..just go to rectify