Tds not adjusted

This query is : Resolved

Manish Kumar (Querist)
Follow

06 August 2013 I got intimation from Income tax dept. u/s 143(3) and in that letter the whole amount of my TDS deducted and claimed by me in ITR as also shown in form 26as is not adjusted towards tax liability. and whole amount of tax payable is recalculated with interest and penalty.i had e filled the return. my tax liability was 48000.00 and tds paid was 49000.00 but in the letter the dept had not given credit for the 49000.00 and instead recalculated the amount with interest. my query is what to do now..??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

07 August 2013 1. Check your Form 26AS to verify that the status against each TDS entry is "F". If it is "U" or "O", tax credit will not be given.

2. If the status if "F", check the income tax return to verify that TAN of deductor has been correctly mentioned.

3. Depending on the answer to the above points, file an online rectification application.

Manish Kumar

Manish Kumar (Querist)
Follow

09 August 2013 ITS FINAL (F)

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 August 2013 Then check whether you have mentioned correct TAN of deductor in the return. File a rectification application.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mitesh

Frank

Prakash Kaduluri

arun luharuka

Vivekanand Sagar

Subscribe Now

Tds not adjusted

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

Senior Executive