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How to file online rectification u/s 154 bookmark !!!


Sharada Harihar (Proprietor)     26 April 2015

Sharada Harihar
Proprietor 
 29 points

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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?

Sharada Harihar (Proprietor)     26 April 2015

Sharada Harihar
Proprietor 
 29 points

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how do i file online rectification for tax credit mismatch for tds on sale of property

only TAN of deductor can be inserted whereas for form 16B we use PAN

Sharada Harihar (Proprietor)     26 April 2015

Sharada Harihar
Proprietor 
 29 points

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how do i file online rectification for tax credit mismatch for tds on sale of property

only TAN of deductor can be inserted whereas for form 16B we use PAN

Sharada Harihar (Proprietor)     26 April 2015

Sharada Harihar
Proprietor 
 29 points

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how do i file online rectification for tax credit mismatch for tds on sale of property only TAN of deductor can be inserted whereas for form 16B we use PAN

avater

CA Anup Tabe (Chartered Accountant )     27 April 2015

CA Anup Tabe
Chartered Accountant  
 43 points

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It's a very infomative artcile. Thank you for upload and sharing practical aspect of Intimation u/s 143(1) & rectification under section 154 ( online ) . 

 

vani (Others)     20 August 2015

vani
Others 
 56 points

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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?

 

 

avater

Priti Dhoke (Student CA CPT )     06 February 2016

Priti Dhoke
Student CA CPT  
 72 points

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HI ALL,

 

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.

 

THANKYOU

babugr (dgm)     07 February 2016

babugr
dgm 
 10 likes  433 points

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A very useful and clear procedure. thanks

avater

Chi Andreas   28 March 2018

Chi Andreas

 2 points

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Great job Tushar!!!    You can use Mozilla Firefox PC for the bookmark file in this browser easily bookmarked....


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