LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Tds deducted but not reflected in 26as

dhanashri (Accountant) (156 Points)

22 February 2017

TDS for AY 2015-16 and AY 2016-17 is deducted by the company but not yet reflected in 26AS. And for both years income chargeable to tax is below taxable limit. For the same reason I have not yet filed ITR.

Do I file the return as per form 16 in which TDS deducted is mentioned??

Please help.

Reply
Follow
Share

10 Replies

Venkatesh Dangeti (CA Final) (881 Points)
Replied 22 February 2017

you can get refund for both years. department dont give credit for tds as it is not reflected in 26AS. whether form 16 is generated from traces?.

Venkatesh Dangeti (CA Final) (881 Points)
Replied 22 February 2017

wrong pan may be quoted by the company in their TDS returns

dhanashri (Accountant) (156 Points)
Replied 22 February 2017

form 16 is not generated from traces

Venkatesh Dangeti (CA Final) (881 Points)
Replied 22 February 2017

fake form 16 then

Mahesh Bingi (Tax return preparer) (457 Points)
Replied 23 February 2017

Hi, The Form 16 or 16A is valid only from TRACES with Digitally signed by resopnsible deductor. Please suggest your Deducter to correct their TDS returns with proper details / PAN's.

Sanjay S (Chartered Accountant) (1375 Points)
Replied 23 February 2017

1. If you have a Form 16, then you may file the return taking the figure reflected in the form You should also ask the company to revise its TDS returns.

2. Your income may not have exceeded the Basic Exemption limit, but if you want to get the refund of TDS, you need to file the return of income.

Besides, for AY 2015-16, you need to file the return on or before 31.03.2017 (last date for belated return). After which getting refund of TDS is a bit more difficult.

(Guest)

FILL RETURN FOR AY 2015-16

IF NOT REFLECTED IN FORM 26 AS U WONT GET CREDIT OF TDS

Bharat Patel (teacher) (35 Points)
Replied 24 February 2017

I want to give Rs. 10000 as a donation to GCS Medical College hospital & Research Centre. How many rupees I can get deduction u/s 35 (1)(2)?

(Guest)

175% of contribution made to approved research association, university, college or other institution to be used for scientific research shall be allowed as deduction (Subject to certain conditions)

150% of sum paid to such association, university, college or other institution is allowed as deduction (applicable from AY 2018-19)

Venkatesh Dangeti (CA Final) (881 Points)
Replied 24 February 2017

As the credit not
appearing in 26AS, you should take up the matter of mismatch in the TDS/TCS, with your Deductor /
Collector so that corrective action can be taken by the Deductor / Collector. After the correction is done
and the corrected statement filed by your deductor which will appear in 26AS, you can apply for
online rectification under section 154 to get the benefit of unmatched credits