Help needed with outstanding tax demands.

TDS 283 views 3 replies

Dear folks,

I had noted two Oustanding tax demands against my name on https://incometaxindiaefiling.gov.in. When I looked further, I noted discrepancies in TDS for Assessment years 2010-11 as well as 2011-12 as a result of which I've received two notices u/s 245 from Income Tax Department.

Details following: -

-- According to TRACES (TDS Reconciliation Analysis and Correction Enabling System), Total Tax deducted for AY 2010-11 was much lesser than what was mentioned on my FORM 16. Moreover, my PAN was mentioned incorrectly on FORM 16 for AY 2010-11 - it was some other PAN.

-- According to TRACES (TDS Reconciliation Analysis and Correction Enabling System), Total Tax deducted for AY 2011-12 was much lesser than what was mentioned on my FORM 16. The PAN has been mentioned correctly on FORM 16 for AY 2011-12.

I reported this to Finance department at my office and it took them more than 4 months to correct the discrepancies. When I look at my reports on TRACES, I can see correct amount of TDS for AY 2010-11 and AY 2011-12. In TRACES, I can see the date of booking in 2016 though.

Now, I need to submit my response to Outstanding demands. What should my response be?

Options which I see are: -

  • Demand is correct
  • Demand is partially correct
  • Disagree with demand
  • Demand is not correct but agree for adjustment

Which one should I choose and what should I mention as the supporting reason?

Kindly help.

Regards, CC

 

Replies (3)

Disagree with demand

 

Dear Sir

 

You should disagree with demand. If department is already been adjusted your Income tax Refund against your outstanding demand than you will have to contact with your concern ward assessing officer with all supporting documents of TDS corrections made in FY 2015-16.

 

 

Agree with Jay Kumar Ji,

You should disagree with demand & should check whether they have adjusted your refund amount with the demands, in that case you will have to contact your AO to claim your refund.


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