Rectification on the basis of form 16.

351 views 6 replies
My emloyer deducted TDS which is reflecting in form 16 but not in Form 26 AS. I didn't get credit of such Tds in my return processing. I filed rectification petition before ITO and he rejected it saying that form 16 is not a valid proof of my TDS. It should be reflected in form 26 AS.

What should I do now. It is a case of A.Y - 2018-19. Guide me .....
Replies (6)
sir,
Is 26AS reflects such amounts in negative figures..... I mean sometimes employer deduct TDS and file return which would reflect in form 16 but afterwards he may file revised return by cancelling already deducted TDS and hence the TDS which reflect in 26AS in negative figures....

Check out 26AS and ask ur employer regarding the same and further file rectification return by showing correct TDS which reflected in form 26AS
revised tds return then tds show in 26as
as per cbdt circular no. 08/2015, AO has to give credit to tds amount based on form -16 and obtaining indemnity bond, as the case may be, if the outstanding demand is below 100000.
First of all, You must know that any Form 16 which have been generated by any private applications is not valid Form 16 and AO is not bound to give you credit on the basis of that.

Every Form 16 must be generated from TRACES Portal. Then if your rectification has been rejected then just Revise your Return with full claim of TDS. But before that it is advisable that If you have valid From 16 generated from TRACES PORTAL then you should contact with your Jurisdictional AO taking copy of that Form 16. He may give you clear picture on that.

Also, sometime TDS amount gets updated in 26AS after a while. Therefore I would suggest that you should also discuss the matter immediately with your Company HR/Accounts department (if any) or whoever maintains these issues and ask them about this. Also asks your colleagues whether they have received TDS Credits or not.

Thanks, Be Helpful to One Another.
Agree with Nitesh Sir.
Thank you all for your valuable suggestion.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register