Income tax demand adjustment
This query is : Resolved
15 November 2021
Dear Sir,
One of my client has filed his income tax return for AY 2018-19 which gave him Income tax demand due to wrong TDS credit given by his employer.
In AY 2021-22 there was a refund in his income tax return and the demand for AY 2018-19 got adjusted while issuing refund by Income tax.
The employer has now corrected the TDS credit for AY 2018-19.
What should be done by the assessee to get the refund which was due for AY 2021-22 but was wrongly adjusted due to demand in previous years.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client has filed his income tax return for AY 2018-19 which gave him Income tax demand due to wrong TDS credit given by his employer.
In AY 2021-22 there was a refund in his income tax return and the demand for AY 2018-19 got adjusted while issuing refund by Income tax.
The employer has now corrected the TDS credit for AY 2018-19.
What should be done by the assessee to get the refund which was due for AY 2021-22 but was wrongly adjusted due to demand in previous years.
Please help me in this matter.
Regards,
Divyesh Jain
15 November 2021
File rectification request for AY 2018-19, to rectify the TDS miscalculation.
15 November 2021
But how will the assessee get the refund for AY 2021-22. Will he get the refund automatically or does he have to apply for Intimation U/s. 143(1) for both the years?
15 November 2021
Once the rectification is accepted, he will get back the demand amount raised in AY. 2018-19.
15 November 2021
Ok Sir.. Thanks for the reply
15 November 2021
Most Welcome
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