Two unmatch entries in form 26as.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2012
Dear sir,
I had filed my online income tax return with the claim of refund of Rs. 5000/- in A.Y. 2011-12. However it has been processed with the status of Nil demand / refund. Accordingly an intimation u/s 143(1) received by e-mail showing nil tax credit of TDS.
Thereafter I examined my form 26AS and found out that 2 entries out of total 10, corresponding the sum of Rs. 500/- each are with status of U (unmatch).
What can I do in such a case ? -
1. To ask my deductor to file correction statement of his TDS return.
2. To file a online rectification with the claim of refund only for Rs. 4000/- .
3. To file a online rectification for the refund of whole amount of Rs. 5000/-.
4. If the deductor denies to file correction statement, then can I get the partial refund by claiming only Rs. 4000/- in rectification upload.
Please advice me.
Thanks.
I had filed my online income tax return with the claim of refund of Rs. 5000/- in A.Y. 2011-12. However it has been processed with the status of Nil demand / refund. Accordingly an intimation u/s 143(1) received by e-mail showing nil tax credit of TDS.
Thereafter I examined my form 26AS and found out that 2 entries out of total 10, corresponding the sum of Rs. 500/- each are with status of U (unmatch).
What can I do in such a case ? -
1. To ask my deductor to file correction statement of his TDS return.
2. To file a online rectification with the claim of refund only for Rs. 4000/- .
3. To file a online rectification for the refund of whole amount of Rs. 5000/-.
4. If the deductor denies to file correction statement, then can I get the partial refund by claiming only Rs. 4000/- in rectification upload.
Please advice me.
Thanks.
Guest
Guest
(Expert)
04 February 2012
you have to ask the deductor to correct his return if you want the full refund. You cannot file rectidication to get the whole refund. Now a days form 16 is generated frm nsdl site and issued by deductor where he has to ensure that all the entries has 'Matched' status
05 February 2012
As per instruction 01/2012 dated 2/2/2012, TDS claim may be accepted without verification if unmatched amount does not exceed Rs. one lac.
Citing this ,you may file online rectification seeking Rs.5,000/- as refund.
Citing this ,you may file online rectification seeking Rs.5,000/- as refund.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
