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