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.
Message likes :
1 times
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
