Bank reported TDS in next FY How to rectify?
This query is : Resolved
24 July 2023
SBI incorrectly deducted TDS of ~70K as per 194N in FY20-21, after lot of followups and multiple positive/negative entries in 26AS they finally added it in FY22-23 with data of booking of Nov '22 but transaction date is still Jan '21 What's the proper way to get refund for the same?
Should rectify ITR of FY20-21 or I can claim it in this FY's ITR? If I check 'Tax Credit Mismatch' of AY 21-22 It says "Tax Credit Claimed is Fully Matched with Tax Credit available in 26AS".
How to proceed with rectification?
Should rectify ITR of FY20-21 or I can claim it in this FY's ITR? If I check 'Tax Credit Mismatch' of AY 21-22 It says "Tax Credit Claimed is Fully Matched with Tax Credit available in 26AS".
How to proceed with rectification?
25 July 2023
Check the credit is available in FY 22-23.
If it's available claim it in this year.
If it's available claim it in this year.
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25 July 2023
FY22-23's 26AS doesn't contain it and is not auto-populated in ITR.
The entry is present in FY20-21's 26AS with booking date of Nov'22 and transaction date of Jan'21
The entry is present in FY20-21's 26AS with booking date of Nov'22 and transaction date of Jan'21
26 July 2023
File rectification under section 154 under tax credit mismatch for AY21-22.
26 July 2023
Third option "Tax Credit Mismatch Correction" is not allowing to add new entry only allows to edit existing entries for ITR
Should I choose the option "Return Data Correction (Offline)" and upload new XML with extra TDS entry?
Should I choose the option "Return Data Correction (Offline)" and upload new XML with extra TDS entry?
26 July 2023
Yes, choose and upload corrected ITR.
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