Tds mismatch notice

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Renu Chopra (Querist)
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22 February 2013 dear all, hi. One of my clients has received a 'tds mismatch report'from cpc-bangalore, i.r.o tds claimed by the assessee. it is mentioned therein that the mismatch in PAN/TAN of the deductor can be rectified by filing an online rectification u/s 154 of I.T.Act. However,the assessee has not received an intimation u/s 143(1)for the said assessment year. I am not able to e-file the rectification u/s 154 in the absence of the reference number and date of the assessment order sought to be rectified. Please advise.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 February 2013 Dear Renu,

if TDS claimed doesn't match the FORM 26AS, you may better approach the respective deductees to revise their TDS return.

This shall take care of the mismatch automatically.

Please mention if there is anything other reason you could locate.

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Renu Chopra

Renu Chopra (Querist)
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23 February 2013 Thanks Nikhil for your response. But actually there is no problem with the 26AS details. What actually happened is that while filling details in the TDS schedule in FORM ITR-4, the PAN/TAN of one of the deductors was by mistake filled wrong. Hence the mismatch and the need to file the rectification u/s 154 so as to be able to claim the benefit of TDS by the customers on payments made to us.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 February 2013 Dear Renu,

In case the said return was filed under 139(1), you have the option of revising the return. I think it should work in your case.

Renu Chopra

Renu Chopra (Querist)
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23 February 2013 yes nikhil, but what if the date for filing the revised return has elapsed.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 February 2013 Dear Renu,

If the date for 143(1) has not elapsed, I doubt date for 139(5) can elapse!

130(5) - If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier"

Since your assessment is still pending, you have time atleast time till one year from the end of the assessment year!

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