Tds mismatch
This query is : Resolved
20 June 2013
Dear Sir/Madam,
This query is reg.mismatch of TDS Credit claimed in ITR and Intimation recd.from CPC.
Our client had claimed TDS credit based on Income offered during F.Y.2011-12. While the TDS on same was deducted & paid into the Govt.A/c by the Deductor in F.Y.2012-13 when they paid to our client.
So as per Form 26AS the TDS will be reflected in F.Y.2012-13 while our client had claimed it in F.Y.2011-12 based on Income booked.
Now they have recd.Intimation from CPC asking for Tax Demand due to mismatch of TDS.
Now in this case plz.let us know whether we should pay the demand and again claim TDS credit not allowed in Intimation during F.Y.2012-13 or file a rectification with Jurisdictional Officer (and not with CPC ????) explaining the facts. Only worry is that as per Form 16A the differential TDS will be reflected during F.Y.2012-13.
So can you let us know how to represent our facts before the ITO so he/she will get satisfied that TDS Credit needs to be allowed during F.Y.2011-12.
Awaiting for your reply on the same at the earliest.
This query is reg.mismatch of TDS Credit claimed in ITR and Intimation recd.from CPC.
Our client had claimed TDS credit based on Income offered during F.Y.2011-12. While the TDS on same was deducted & paid into the Govt.A/c by the Deductor in F.Y.2012-13 when they paid to our client.
So as per Form 26AS the TDS will be reflected in F.Y.2012-13 while our client had claimed it in F.Y.2011-12 based on Income booked.
Now they have recd.Intimation from CPC asking for Tax Demand due to mismatch of TDS.
Now in this case plz.let us know whether we should pay the demand and again claim TDS credit not allowed in Intimation during F.Y.2012-13 or file a rectification with Jurisdictional Officer (and not with CPC ????) explaining the facts. Only worry is that as per Form 16A the differential TDS will be reflected during F.Y.2012-13.
So can you let us know how to represent our facts before the ITO so he/she will get satisfied that TDS Credit needs to be allowed during F.Y.2011-12.
Awaiting for your reply on the same at the earliest.
20 June 2013
IF YOU KNOW THAT NO TAX LIABILITY WILL COME AFTER INCOME AS PER 26as.
THEN YOU REPRESENT THE CASE BEFOR ITO AND TELL THIS FACT
THIS RECTIFICATION U/S 154
THEN YOU REPRESENT THE CASE BEFOR ITO AND TELL THIS FACT
THIS RECTIFICATION U/S 154
20 June 2013
Thanks, Mr.Jain.
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