Rectification u/s 154
This query is : Resolved
30 May 2015
Dear Sir
My client forgot to take credit of TDS in ITR. As as result he got demand notice from CPC.
Now i have filed rectification u/s 154 against this demand. But TDS credit is such that now refund becomes due to the client
My question is whether CPC will only remove demand or it will also issue refund of excess tax credit taken in rectification appplication ?
My client forgot to take credit of TDS in ITR. As as result he got demand notice from CPC.
Now i have filed rectification u/s 154 against this demand. But TDS credit is such that now refund becomes due to the client
My question is whether CPC will only remove demand or it will also issue refund of excess tax credit taken in rectification appplication ?
30 May 2015
If return has been filed within due date file revised return to get refund.
30 May 2015
Sir, return is not filed within due date.
30 May 2015
You may get refund.
Refund of TDS not claimed in tax return for want of TDS certificates allowed through rectification u/s 154.
Refund of TDS not claimed in tax return for want of TDS certificates allowed through rectification u/s 154.
30 May 2015
https://www.caclubindia.com/experts/intimation-u-s-143-1--2085154.asp
rectification is not possible refer this link for more discussion.
rectification is not possible refer this link for more discussion.
31 May 2015
this is the best part here. Seetharaman is right. TDS credit changes are allowed in rectification even when the return is a belated one. The logic for the same seems to be that Form 26AS is a record available to the AO and therefore non-credit in the order becomes a mistake apparent from record
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31 May 2015
Dear Sir, i know that rectification is allowed.
But please understand my question that whether only demand will be adjusted or refund will also be allowed along with demand adjustment ?
But please understand my question that whether only demand will be adjusted or refund will also be allowed along with demand adjustment ?
31 May 2015
Dear Sahil,
Yes, refund will be allowed. The processing of rectification application has nothing to do with whether there is a demand or refund. Whatever may be the end result, it will be processed. So if it is a refund, it will be processed accordingly.
Yes, refund will be allowed. The processing of rectification application has nothing to do with whether there is a demand or refund. Whatever may be the end result, it will be processed. So if it is a refund, it will be processed accordingly.
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