Sharada Harihar (Proprietor) 26 April 2015
I have received tax credit mismatch for claiming TDS on sale of property (16B) but there is no option for entering this in the online rectification as it asks only for TAN of Deductor
How should I file rectification online in such a case?
vani (Others) 20 August 2015
I need an expert opinion/help with this case. For AY2012-13 received intimation u/s 143(1) due to TDS mismatch and paid up a demand of 7000 odd - tax paid under regular assessment
received another TDS mismatch report and in response to it submitted a TDS rectification online
received another demand of 5000 odd u/s 154 since the Tax credit of 7000 was mismatched.
now i find the income from one of the sources was doubled in the original submission. So basically not just the TDS but the interest income from one of the bank was considered wrongly.
To rectify this - will use "tax payer is correcting data in rectification"
8) Income chargeable under the income from other sources wrongly considered
My question - I have to upload an XML file.
For which I Imported the data from the original ITR to the new ITR
I changed the Schedule OS in the Excel utility
Corrected the TDS data in Schedule TDS2
Stuck with Schedule IT
This lists the advance tax and self assessment tax. But now I also have tax paid under regular assessment. Should this be included here. The regular assessment tax of 7000 reflects in form 26AS. If this is not included then once again a mismatch will be generated for Tax payments.
From my understanding "Total Taxes Paid (8a + 8b + 8c)" under Part B - TTI should be EQUAL to the SUM total of all the tax deductions (TDS) and taxes Paid in form 26AS. If this doesn't happen then once again the system sends mismatch reports.
Kindly Advice if Regular tax can be included in Schedule IT
Secondly, the Interest payable section - 234A, 234B and 234C gets computed automatically when one clicks on "Calculate Tax". In this particular case where the X M L is to be regenerates the utility calculates huge value for 234A since it calculates interest for 3 years on the self assessment tax which was paid promptly in 2012. How should this interest payable section be handled?
Priti Dhoke (Student CA CPT ) 06 February 2016
MY QUERY IS ONE OF OUR CLIENT HAS NOT GOT TAX CREDIT, BECAUSE IN ITR FORM TAN NUMBER IS WRONLY MENTION INSTEAD OF WORD "K" I MENTIONED "L" SO HERE COMPANY NAME GONE CHANGE, WE RECEIVED INTIMATION 143(1) WITHOUT TAX CREDIT OF THAT COMPANY, AFTER THAT I HAD MADE RECTIFICATION THROUGH ONLINE PROCESS,BUT IT HAS BEEN REJECTED FORM INCOME TAX DEPT. I HAD CHOOSEN OPTION NO 1 "Tax Payer is correcting data for tax credit mismatch only" I HAD DONE THIS TWICELY BUT BOTH THE TIMES THEY REJECTED.
SO PLEASE SUGGEST ME WHAT SHOULD I DO TO TAKE CREDIT.