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Short refund of income tax refund for f.y 2016 -2017

PRAKASH A SOLANKI (Accountant) (42 Points)

21 August 2017

What to do when Income is not taxable i.e 1,29,000/- and tds Deducted 9363/- and refund received only 1060/-

i talked with cpc bangluru and rectification department but all they are helpless they cant solve the problem. please anybody can solve this problem i received initimation 143 (1) after request on saturday, but no refund

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12 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 21 August 2017

Unless the nature of TDS (section) is known....... difficult to judge....

CA PRAVEEN PACHALAG (CA ) (208 Points)
Replied 21 August 2017

Credit may not be available in Form 26AS; to the extent of credit may be refund given or look any deductions for past tax dues..

rama krishnan (12234 Points)
Replied 21 August 2017

file rectification application before jurisdictional AO along with original form 16/16A

Kiran. S (CTO) (745 Points)
Replied 22 August 2017

1) I hope you have filed ITR for AY 2017-18 (FY 2016-17) and claimed all TDS present in 26AS i.e9363

2) If there is mismatch in ITR and 26AS then tell your deductors to file TDS return and see that 26AS matches with 9363..

3) If the 26AS is showing Rs 9363 and if you claimed less you cannot rectify but you have to revise the return u/s 139(5)

4) if the 26AS is showing 9363 and if you have claimed 9363 in your return then you can rectify with reprocess..

Kiran. S (CTO) (745 Points)
Replied 22 August 2017

1) I hope you have filed ITR for AY 2017-18 (FY 2016-17) and claimed all TDS present in 26AS i.e9363

2) If there is mismatch in ITR and 26AS then tell your deductors to file TDS return and see that 26AS matches with 9363 and rectify..

3) If the 26AS is showing Rs 9363 and if you claimed less you cannot rectify but you have to revise the return u/s 139(5)

4) if the 26AS is showing 9363 and if you have claimed 9363 in your return then you can rectify with reprocess..

PRAKASH A SOLANKI (Accountant) (42 Points)
Replied 22 August 2017

What to do when Income is not taxable i.e 1,29,000/- and tds Deducted 9363/- and refund received only 1060/- i talked with cpc bangluru and rectification department but all they are helpless they cant solve the problem. please anybody can solve this problem i received initimation 143 (1) after request on saturday, but no refund

Read more at: /forum/details.asp?mod_id=418924&offset=1

Attached File : 1433182 20170822104225 2 3 page.pdf downloaded: 84 times

PRAKASH A SOLANKI (Accountant) (42 Points)
Replied 22 August 2017

Dear Dhirajbhai,

Deduction was u/s 194 J ihave attached 26as

Attached File : 1433182 20170822221633 26as 9363.jpg downloaded: 82 times

PRAKASH A SOLANKI (Accountant) (42 Points)
Replied 22 August 2017

DEAR KIRANJI,

HOW I RECTIFY WITH REPROCESS PLEASE WILL YOU ADVICE ME HOW TO REPROCESS.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 23 August 2017

It is case of tax credit mismatch. Only Rs. 1030/- Rs of TDS is accounted and refunded back. Remaining TDS amount of Rs. 8333/- is not accounted by CPC.

Solution: After login > My Account > Tax Credit Mismatch > select AY 2017-18 & submit...... check the result......