Bank reported TDS in next FY How to rectify?

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Chetan (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 July 2023 Check the credit is available in FY 22-23.
If it's available claim it in this year.

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Chetan

Chetan (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 July 2023 File rectification under section 154 under tax credit mismatch for AY21-22.

Chetan

Chetan (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 July 2023 Yes, choose and upload corrected ITR.

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