Form 143(1) rectification due to tan mismatch
This query is : Open
03 August 2013
Dear Sir,
I had filled return for the year 2011-2012 in time, however I received form 143(1) from income tax department few days back.
On analyzing the reason for it, I found out that while filling the income tax I had wrongly mentioned TDS by my company under one TAN id, however the TDS was deposited by my company under 2 TAN ids.
Now, while filling the rectification form another mismatch will come because of the interest liability under 234B and 234C.
Please guide me through the correct way of rectifying my mistake.
Regards
Nipun
I had filled return for the year 2011-2012 in time, however I received form 143(1) from income tax department few days back.
On analyzing the reason for it, I found out that while filling the income tax I had wrongly mentioned TDS by my company under one TAN id, however the TDS was deposited by my company under 2 TAN ids.
Now, while filling the rectification form another mismatch will come because of the interest liability under 234B and 234C.
Please guide me through the correct way of rectifying my mistake.
Regards
Nipun
03 August 2013
You simply go ahead and file recitification request online. Interest u/s 234B & 234C will be automatically readjusted after rectification.
03 August 2013
Thank you sir, a little doubt more I have.
While filling up the revised ITR sheet for rectification, am I right in saying that
1) Return filed under section "11-BeforeDueDt"
2) Original or revised return "R-Revised"
If not, please suggest suitable options
Regards
Nipun
While filling up the revised ITR sheet for rectification, am I right in saying that
1) Return filed under section "11-BeforeDueDt"
2) Original or revised return "R-Revised"
If not, please suggest suitable options
Regards
Nipun
03 August 2013
Not required. When you will file rectification request the will ask for reasons on selecting reason TDS mismatch the will provide the details to be corrected just correct the TAN and then submit.
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01 September 2013
File the rectification online it will be sorted out.
01 September 2013
File the rectification online it will be sorted out.
CA PARTH SHAH
(Expert)
01 October 2014
AGREE WITH THE EXPERTS. WHILE FILING RETURN NEXT TIME, INSTEAD OF FEEDING DATA OF TDS CREDIT MANUALLY, IT IS BETTER TO IMPORT THE DATA OF TDS CREDIT DIRECTLY FROM FORM 26AS INTO THE SOFTWARE IN WHICH YOU MAKE INCOME TAX RETURN. IN THE TAX RETURN UTILITY ISSUED BY GOVERNMENT, THE TDS CREDIT IS DIRECTLY IMPORTED INTO THE UTILITY.
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