Amendments in form 26as f.y 2016-17 time limits.

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rajshwar dayal (Querist)

27 June 2017 My Uncle is a Super Senior Citizen,aged 88 years,having Income from Govt. Pension & Interest from Time Deposits.(b)He had to leave for USA on 23rd.May,2017 & accordingly,based on 26AS( run-date 19 the.May,,)Self-Assessment Tax for A.Y was Rs7820.(c)I again retrieved Form 26 AS on 26 the.June,2017 & find that SBI has credited RS.1.05 lakhs, resulting in Self-Assesment Tax as Rs.23400.(d)Querry:Is there any time limit for making correctio
ns/ amendments by Tax Deductor in Form 26AS for the financial year,if so,the period may please be advised.R.Dayal(27/6)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 June 2017 No time limit for making correction / amendments by Tax Deductor in Form 26AS for the financial year. Rectifications can be filed and tax paid after filing the return.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 June 2017 No time limit for making correction / amendments by Tax Deductor in Form 26AS for the financial year. Rectifications can be filed and tax paid after filing the return.

Amol S Joglekar

Amol S Joglekar (Expert)

27 June 2017 There is no time limit as such from Govt side to update 26 AS. Logically also, the TDS return for the period ending 31/03/2017 can be filed by SBI by 30/05/2017. So obviously, 26AS may get updated once the TDS returns are filed.

Amol S Joglekar

Amol S Joglekar (Expert)

27 June 2017 yo can revise the ITR and accordingly claim refund / pay tax as the case may be

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