In the Assessment Year 2020-21, the TDS amount was absent from Form 26AS during the return filing process, and the company did not make a claim for it back then. However, the current situation reveals that a TDS amount of 4 lakhs is now reflected in Form 26AS. Is it possible for the company to seek a refund under these circumstances, and if so, what is the procedure to do so?
Menu
Company Previous Year Tax Refund
Replies (11)
For AY 21-22, due to technical errors/ glitches in portal, my tds of 28000/- remains unclaimed
please tell me if you know...how to claim tds for above said
please tell me if you know...how to claim tds for above said
@ Mahesh Shah,
You can file rectification return after correcting the tds schedule. If there is no issue from Tds mismatch then you may apply for reprocess the ITR under rectification return
You can file rectification return after correcting the tds schedule. If there is no issue from Tds mismatch then you may apply for reprocess the ITR under rectification return
@ Reddy.....will portal allow rectification for AY21/22....now??????
Yes. Very much allowed. Refer Section 154 of the income tax act
In rectification....the moment tds is claimed.....there is change of income....and thus it will not allow
Pl go through rectification clauses
Still....I had tried earlier
But failed
CPC also suggested same
But what when income is changed??
In rectification....income should not change
Moment I put 28000/- tds refund....income changes
@ Mahesh Shah,
Whatever your saying is correct.
You have the option to change the tds schedule alone in rectification.
CPC says it will happen but practical difficulties are there.
Data correction option is there but at the final stage it may not accept
Whatever your saying is correct.
You have the option to change the tds schedule alone in rectification.
CPC says it will happen but practical difficulties are there.
Data correction option is there but at the final stage it may not accept
Lodged grivence with CPGRAMS
Lodged grivence with jurisdiction AO
Took advice of professional (CA)
No body could guide
Is there any solution??
RECTIFICATION IS ONLY IF YOU HAVE CLAIMED TDS IN ORIGINAL RETURN AND AT THE TIME OF ASSESMENT , TDS WAS NOT REFLECTING IN 26AS. For Fresh claim of TDS you have to file revised return if time permits. Otherwise make a request for revised return under "Condonation of delay". IF NOT ALLOWED , YOU CAN GO TO APPEALATE . A more expert person can tell about this.
For 2021-22 AY , revised return deadline is over.
You may do mannual rectification return and visit the AO
You may do mannual rectification return and visit the AO
Today after 2 yrs..I think jurisdiction AO rectified my itr with technical issues for AY 21/22 and got intimation with refund order with intreast on refund
pl reff my above posted issue of 28000/- tds refund
pl reff my above posted issue of 28000/- tds refund
I got refund of FY 2007-08 last year (2022) and FY 2008-09 in 2021 after putting grievance to pgportal.gov.in . This is PMO's personal grievance cell. But I had claimed all TDS and advance tax. TDS and Advance tax was not visible in 26AS at that time. My client filed TDS rectification and IT dept junior officer didn't know how to bring advance tax details from old system to new one. He asked his colleague and then it was done. He asked for Xerox copy of cancelled chq also , but no refund was coming. I got near to six digit interest on my FY 2008-09 refund.
Recent Threads
- Guidance required – Wrong deduction claimed
- Opportunity to Take Over an Existing Pvt Ltd Compa
- Regarding Cash Payment of Staff Salary
- GST CREDIT NOTE Correction
- Treatment of Mutual Fund in ITR
- TDS deducted u/s 195 for Bank Interest
- Unable to Enter Values Indexed Cost on Sale of Hou
- AI-Powered Taxation in 2025: How GST, ITR, and Aud
- How to Manage Time as a CA Aspirant – Smart
- Completing the ITR-3 Form Online: A Complete Guide
Related Threads
CAclubindia
