Tds mismatch

This query is : Resolved

Raghavendra (Querist)
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21 November 2013 My one of the client has filed IT return for a y 2012-13. But recently Intimation notice came to pay Rs 25600. He is bank employee TDS also deducted properly . But in 26AS less TDS shown. What is the further procedure to show TDS correctly in the return and 26as? ,,

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 November 2013 1. Since he is a bank employee, ask him to check with his employer whether they have properly filed the TDS returns or not. Sometimes error is committed in TDS return, resulting in lower tax credit in the Form 26AS.

2. If the error is in TDS return, the bank needs to revise its return to give effect to the required changes.

3. Normally the above should be sufficient. However, in case the employer doesn't listen, the client shall still have the option of claiming for credit by seeking support from Delhi high court judgment in Citicorp case wherein it was held the TDS credit cannot be denied just because Form 26AS is not reflecting the correct amount.

CA Tousif Ahmed

CA Tousif Ahmed (Expert)
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22 November 2013 Firstly verify 26AS of your client. Sometimes the status shown may be pending or unmatched. If so please ask the bank to make it final status. If status shown as final and full tds amount is reflected then check your return whether all tds entries are shown seperetely in return filed if not make a rectification request under sec 154.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 November 2013 Dear Tousif,

It is a case where the amount shown in Form 26AS is less the Form 16 amount. So the challan/return status in not relevant.

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