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Questionontds2

Ashish Singhal (Senior Engineer) (49 Points)

26 June 2017

1) Hi , one company was supposed to deduct TDS in form26AS of FY 15-16 but they didnt do that till Jan2017 so I submiited ITR without including details of their TDS in ITR. Now when I am filing ITR for FY 16-17 and checked the 26AS for FY 15-16, I see their entry with transcationdate as Oct2015 but booking date as June2017 with status F. So my question is should I file it in FY 16-17 ITR or rectify my FY15-16 ITR (its already processed in Frb 2017) . Also if I file it in ITR FY16-17, what should be the deduction year in section TDS2, 2015 or 2016?

2) Another company again showing transacxtion date as Mar 2016 but booking date as June 2017 in FY 16-17 26AS but status is U. Should I consdier this while filing ITR or wait for it till the status is F.

Thx a lot,
Aashish

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 26 June 2017

1. You have to revise/rectify the ITR of AY 2016-17, it cannot be added to FY 2016-17.

2. Better to wait till its flagged F.

Ashish Singhal (Senior Engineer) (49 Points)
Replied 29 June 2017

Dear Sir,

Thanks a lot for your answer. Sir, since I need to file an online rectification (I noticed 1 more entry in AY16-17 26AS form which was booked in June 2017 and hence I could not have done anything abt it when I filed the return in Jan 2017) and that needs a CPC reference number and my ITR for AY 16-17 was already processes successfully, I requested for intimation under 143(1) that I got through mail and now I am using this as the reference number. Now what I want to know is when I fill the ITR1 again, what should I select in the Tax filed under Section dropdown. I cant file revised return as I filed the original after due date and also my ITR is already processed.The options available are:-

11 - On or before due date

12 - after due date - this was selected in original return

13 - u/s 142(1)

14 - u/s 148

15 - u/s 153 A

16 - u/s 153 c r/w 153a

17 - Revised return 139(5)

18 - u/s 139(9)

20 - u/s 119(2)(b)

I need to file the rectification by tomorrow to avoid interest for next month, so waiting for your urgent reply. One more request, can you please share your number for any suggestion that I may need (wont bother you unless ofcourse very urgent)

Thanks a lot,

Best Regards,
Aashish

Ashish Singhal (Senior Engineer) (49 Points)
Replied 29 June 2017

Originally posted by : Dhirajlal Rambhia

1. You have to revise/rectify the ITR of AY 2016-17, it cannot be added to FY 2016-17.

2. Better to wait till its flagged F.

Dear Sir, Thanks a lot for your answer. Sir, since I need to file an online rectification (I noticed 1 more entry in AY16-17 26AS form which was booked in June 2017 and hence I could not have done anything abt it when I filed the return in Jan 2017) and that needs a CPC reference number and my ITR for AY 16-17 was already processes successfully, I requested for intimation under 143(1) that I got through mail and now I am using this as the reference number. Now what I want to know is when I fill the ITR1 again, what should I select in the Tax filed under Section dropdown. I cant file revised return as I filed the original after due date and also my ITR is already processed.The options available are:- 11 - On or before due date 12 - after due date - this was selected in original return 13 - u/s 142(1) 14 - u/s 148 15 - u/s 153 A 16 - u/s 153 c r/w 153a 17 - Revised return 139(5) 18 - u/s 139(9) 20 - u/s 119(2)(b)

Thanks a lot, Best Regards, Aashish

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 29 June 2017

Belated return cannot be revised, but you can file rectification request, if only taxmismatch, or any apparent mistake on records.

After login....... under- e-File > select Rectification......... fill data........ Validate and proceed.

Ashish Singhal (Senior Engineer) (49 Points)
Replied 29 June 2017

Originally posted by : Dhirajlal Rambhia

Belated return cannot be revised, but you can file rectification request, if only taxmismatch, or any apparent mistake on records.

After login....... under- e-File > select Rectification......... fill data........ Validate and proceed.

Thanks for the reply. Sir, I know the procedure of filing rectification. What I want to know is when I fill the ITR1 again, what should I select in the "Tax Filed under Catefory" dropdown in the first page. The available options are:-

11 - On or before due date

12 - after due date - this was selected in original return

13 - u/s 142(1)

14 - u/s 148

15 - u/s 153 A

16 - u/s 153 c r/w 153a

17 - Revised return 139(5)

18 - u/s 139(9)

20 - u/s 119(2)(b)

My problem is I didnt get any notice under u/s 154 as my ITR was successfully processed but I myself found out that a new entry in 26AS has been added recently and want to pay the tax arising out of that. If i wait for notice from IT dept, I might have to pay unnecessary more interest compared to now; so pls suggest which category to choose.

Thx,

Aashish