Revised return for deductors tds error

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2016 Dear Sir/Madam

The assessee of an Agent of Life Insurance Corporation of India, I have filed the return on the basis of Tax Credit shown in 26AS. The Return is not processed yet. Return was filed on 12-08-2015.

While checking 26AS again it shows reverse figures, Deductor explained that they have revised their TDS Statements.

CPC has not yet proceed return. The Tax Credit was appx. Rs. 10000/- and right now it shows appx. Rs. 7000/-.

What should to do ? Should the Return be Revised for getting Tax Refunds ?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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09 February 2016 From your query it appears that you had claimed TDS of Rs. 10,000/- in return as it was appearing in 26AS at that time. Now some entries have been reversed and tax credit shown is only Rs. 7000/-. You need not revise the return since in any case CPC will grant tax credit of Rs. 7000/- only on the basis of 26AS.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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09 February 2016 However in case you have shown income corresponding to tax credit of Rs. 10000/-, you may have to revise income corresponding to tax credit of Rs. 7000/- as it is now appearing. In other words you must have shown income at a higher side as per tax credit and income credited in 26AS at the time of filling income tax return now since some of the entries have been reversed by the deductor, you may have to show income credited accordingly.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2016 Thanks.
It mean I should wait for CPC Procedures ?

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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22 July 2025 Your case:
You filed the return based on TDS credit shown in Form 26AS (Rs. 10,000).
Later, deductors revised their TDS statements, and now 26AS shows a reduced TDS credit (Rs. 7,000).
Your return is not yet processed by CPC (Central Processing Centre).
What to do:
You do NOT need to file a revised return just because the TDS figures have changed in 26AS.
The CPC will process your return based on the current TDS credit in 26AS (Rs. 7,000).
However, if your declared income in the return is higher corresponding to Rs. 10,000 TDS, you must consider revising your income figure to align with the Rs. 7,000 credit now appearing in 26AS.
Recommendation:
If your income declared is consistent with Rs. 10,000 TDS credit, and now 26AS shows only Rs. 7,000, you should wait for CPC to process the return.
After processing, if you get a demand or mismatch notice, you may revise your return accordingly.
Otherwise, if you want to avoid any complications or demand later, you can proactively file a revised return correcting the income and TDS credit to Rs. 7,000.
So yes, you may wait for CPC to process initially but be ready to revise if a mismatch arises.

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