26as

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 Dear Sir,
In case of a state govt. employee, tds credit in his form 26AS is with status of - P (provisional)

In the above case manual return filing will be better
or
E filing also can surve the purpose.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 August 2013 u can file any of them.

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 Yes, I can in both way, but as I pointed above, tds credit is with the status of (P), practically which way will be better?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 August 2013 electronically it will be better as it gets update online faster.

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 As it is matter of a govt. department therefore Status of tds credit will remain P. Suppose cpc during processing made it zero then assessee has bear double tax burden.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 August 2013 there is no distinction bet govt assessee and other to the extent it is concerned for income tax purpose in dis regard.

Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2013 Cpc hardly take 4 to 5 months to process return or application u/s 154 and for tds match they relay only on form 26AS.
Suppose they made tds credit zero (as I have seen in many cases in AY 2012-13.) and assessee will ask me the remedy, If I file Sec. 154, then 4 to 5 months latter it will come with same result.
Whereas, local office generally take 1 to 2 years to dispose off 154 application.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 August 2013 File return electronically. If TDS deducted from assessee and he has form 16 he will not suffer from tax burden. In this regard please see...

Cbdt directive on grant of tds credit in mismatched cases

Read more at:

https://www.caclubindia.com/forum/cbdt-directive-on-grant-of-tds-credit-in-mismatched-cases-258273.asp

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