Bank reported TDS in next FY How to recticy?

SBI incorrectly deducted TDS of ~70K as per 194N in FY20-21, after lot of followups and multiple positive/negative entries in 26AS they finally added it in FY22-23 with data of booking of Nov '22 but transaction date is still Jan '21

What's the proper way to get refund for the same? Should rectify ITR of FY20-21 or I can claim it in this FY's ITR?

If I check 'Tax Credit Mismatch' of AY 21-22 It says "Tax Credit Claimed is Fully Matched with Tax Credit available in 26AS".

 

How to proceed with rectification? 

 

Replies (3)
Quick Summary
This discussion addresses an issue where a bank incorrectly reported TDS in a subsequent financial year. The user is seeking guidance on how to rectify this error and claim a refund for the TDS deducted in FY20-21 but reported in FY22-23. The advice suggests checking Form 26AS for the correct assessment year (AY) and then either revising the Income Tax Return (ITR) for the relevant AY or using the rectification process under section 154 to claim the TDS credit.

check your 26AS for TDS  AY 21-22, 22-23 and 23-24 

more you must had demand if TDS not matching or they not considered , you must check 26AS before filling ITR

if you have demand for AY 21-22 E-pay link in pending action/demand  this will create form with CRN with number you can pay on line or in bank chose your option.

FY22-23 with data of booking of Nov '22  this will apear in 26AS they you can claim in AY 23-24 if you already filed ITR  revise your return

 

check your 143(1) intimation order of AY 21-22 is their any mismach  you must have claimed 70K and what they considered if matching no problem if not then you must have demand.

now if 70K is for AY 22-23  check your 143(1) intimation order of AY 22-23 is their any mismach  you must have claimed 70K and what they considered if matching no problem if not then you must have demand.

if you have demand for AY 22-23 E-pay link in pending action/demand  this will create form with CRN with number you can pay on line or in bank chose your option.. FY22-23 with data of booking of Nov '22  this will apear in 26AS they you can claim in AY 23-24 if you already filed ITR  revise your return

 

you can revise ITR AY 21-22 or 22-23 or 23-24 even you can go for rectification uner section 154  but first find out in 26AS which AY 70K is appearing.

if in AY 23-24 just revise ITR and claim TDS

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