Itr processed u/s 143(1) "no refund no demand" what to do?

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Neha Agarwal (Querist)

23 February 2016 I filled ITR of AY15-16 correctly, where I claimed whole of the amount Rs 3475 which was shown in 26AS form. Later I received an intimation u/s 143(1) where shows CPC calculation is same as per my calculation. but in 143(1) CPC has not shown refund amount in "refund column" but I claimed refund in "refund column in 143(1) as shown by CPC & ITR has been processed with no refund no demand. I want to know when amount in 26AS was claimed as refund then why my ITR was processed as no refund no demand? what can be the reason behind?

It's urgent...

Ganeshbabu K

Ganeshbabu K (Expert)

23 February 2016 Check how ITR is processed,and verify where is the difference

Check whether there is mismatch in tds credit as per return filed and return processed, in such case file rectification u/s 154 updating tax credit details

Neha Agarwal

Neha Agarwal (Querist)

23 February 2016 Ganesh ji, As per 26AS, there are 9 serial wise entries in 26AS. In option of status of booking, Sign is "F" which covers 3 entries & rest of 6 entries there is "U" option in status of booking option. U option indicates that that return has been revised Tds deposition amount is written against "U" option is in minus figure like -633, -1470, -1471 & against "F" tds deposition amount is written in + like. 633, 1470, 1471. but if we calculate whole of the Tds deposition amount in form 26AS. we will find the correct positive figure of Rs +3475. the same I claimed as refund. Then why ITD rejected it.
Plz advice me what to do further?.

RAJESH KUMAR KHANDELWAL

RAJESH KUMAR KHANDELWAL (Expert)

23 February 2016 Hello

Neha Agarwal.

I am also agree with the reply given by Mr. Ganeshbabu K that you should go for rectification u/s 154.

Neha Agarwal

Neha Agarwal (Querist)

24 February 2016 rectification request is filled only, when there was any mistake committed by Tax payer in his/her return. but as I already said that flawless return was filled by me & my calculation was totally matched as per intimation u/s 143(1) but in the column of refund in intimation CPC did not show the amount of refund..Plz go through my above comment through which you may advice me to do further steps.....

swati jain

swati jain (Expert)

24 February 2016 RECTIFICATION U/S 154 IS FILED WHEN THERE IS MISTAKE APPARENT FROM RECORD. IT CAN BE FOR EITHER SIDE.
SO YOU CAN GO FOR RECTIFICATION.

Neha Agarwal

Neha Agarwal (Querist)

24 February 2016 Swati what to do in that case. Hopefully u are fully understand about my query. Rectification is done for what purpose is doesn't matter. Matter is that what should be done in my case? I think Fault comes out from 26AS.but one thing I can't understand after subtracting & adding the tds depostioned amount in 26AS. final tds amount is positive +3475. then why refund was rejected?

swati jain

swati jain (Expert)

24 February 2016 the other experts are correct on the opinion to file a rectification. Because rectification is filed on a mistake which can be from the department side also. May be there is calculation error. File a rectification and you will have your all answers.

Neha Agarwal

Neha Agarwal (Querist)

24 February 2016 Ok gona file rectifation request..., Thanks all of you..........

Neha Agarwal

Neha Agarwal (Querist)

25 February 2016 Dear All, I have filled rectification request u/s 154. further, When I checked TDS credit mismatched. It shows "TDS credit is fully matched as per tds available in 26AS". However I selected & submitted the option "Data from tax payer is correct, request to process again from CPC.". I don't think so that reprocessment of data would be in my favour. becoz as per intimation u/s 143(1). late page of intimation shows the tds mismatched amount 3475 which I claimed as refund. If anyone require intimation & 26AS. I can forward them through mail.

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