Dear Sir,
I am asking this in this online forum as I am out of country for work reason and unable to meet a consultant physically.
I just got a email notice U/S 143(1) for my return filed for FY18-19 within due date (due date was 31.08.2018, I filed on 26.08.2018). When I check for details, I could see some mismatches mentioned for the followings in the notice received.
|
Particulars |
Reporting Heads |
As Provided by Taxpayer in Return of Income (in Rupees) |
143(1) |
|
INTEREST PAYABLE |
(A) FOR DEFAULT IN FURNISHING THE RETURN (SECTION 234A ) |
0 |
0 |
|
(B) FOR DEFAULT IN PAYMENT OF ADVANCE TAX (SECTION 234B ) |
2,355 |
3,283 |
|
|
(C) FOR DEFERMENT OF ADVANCE TAX (SECTION 234C) |
2,376 |
2,784 |
|
|
(D) Fees U/S 234F |
0 |
0 |
|
|
TOTAL INTEREST AND FEE |
4,731 |
6,067 |
|
|
|
AGGREGATE TAX LIABILITY 32=(29+31) |
2,14,143 |
2,15,479 |
|
PRE-PAID TAXES |
TDS |
1,62,270 |
1,54,237 |
|
TCS |
0 |
0 |
|
|
ADVANCE TAX |
0 |
0 |
|
|
SELF ASSESSMENT TAX |
51,870 |
51,870 |
|
|
TOTAL TAXES PAID 37=(33+34+35+36) |
2,14,140 |
2,06,107 |
When I check my form 26AS for FY18-19, I don’t find any difference between my total TDS claim (Rs. 162270) in return and details available as per from 26AS (Rs. become Rs. 162270 when I add up all TDS for FY18-19).
From the notice details I understand it is caused for a different amount of TDS considered for computation under section 143(1) than the amount (Rs.14737) mentioned in the for 26AS. I have used the TDS amount(Rs.14737) from the Form 26AS in my return for this Deductor-SBI.
|
Information from the Notice received |
|||||||
|
Sl. No (1) |
TAN of the Deductor/ PAN of the Buyer |
Amt. Claimedunder TAN of Deductor / |
Amt. Claimed (4) |
Amount Matched (5) |
Amount of Mismatch (6) |
AY (7) |
Valid Tan Flag (8) |
|
1 |
MUMS86183G |
STATE BANK OF INDIA |
14,737 |
6,704 |
8,033 |
2018 |
Y |
|
Information from Form 26AS for FY18-19 |
|||||||
|
Sr. No. |
Name of Deductor |
TAN of Deductor |
Total Amount Paid/ Credited |
Total Tax Deducted # |
Total TDS Deposited |
||
|
4 |
STATE BANK OF INDIA |
MUMS86183G |
147322.41 |
14737.00 |
14737.00 |
||
Now I don’t understand the reason behind the mismatch in Total Interest and Fee ((Rs.6067- Rs4731= Rs. 1336).
Is this also added up because of the main incorrect demand for TDS claim mismatch (Rs.154237 – Rs.162270=Rs.8033) which is considered due from the return filing date?
Can anybody please suggest how to proceed?
Completely deny the demand?
or partially deny the demand and pay the interest amount?
Thanks for your patience to read and willingness to support.
Regards,
Paul.
CAclubindia
