Tds not adjusted

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Manish Kumar (Querist)
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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)
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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)
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09 August 2013 ITS FINAL (F)

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 August 2013 Then check whether you have mentioned correct TAN of deductor in the return. File a rectification application.

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