Dear All,
Greetings!!
Before mentioning the problem statement, a series of events in first two points to understand the case.
1. Original income tax return (ITR-2) was filed on July 23, 2017, where other income was mentioned from 26AS downloaded on June 24, 2017.
- IFSC code of State Bank of Patiala (SBP) was mentioned in ITR for the refund of Rs 9830.0
- Raised concerned on December 22, 2017, under category REFUND through 'e-Nivaran form' against grievance UID 201712280470897 which was closed stating that E-filed request is under process and intimation under 143(1) would be sent once the processing gets completed.
2. Realized that IFSC code of SBP, elsewhere SBI after the merger, would have been changed (external event and would have been a probable reason for non-processing of refund)
- A revised ITR was filed on March 29, 2018
- A notice under section 143(1)(a) was received on May 29, 2018, on account of inconsistency between other sources of income in return and 26AS.
- When 26AS was checked as on date, additional income under 'part A1-Details of Tax Deducted at Source for 15G / 15H' was reflecting (section 194A) which was not in the 26AS downloaded on June 24, 2017, and was the primary reason for the difference in income received and filed in ITR and thereafter notice received from income tax authorities.
PROBLEM STATEMENT:
On filing the revised return under section 139(5), unable to capture the details of TDS deducted in 2016 in TDS tab of ITR (2016 is not appearing in drop down of excel and java utility) which would ultimately calculate the refund.
- Would I be able to claim the refund? If yes, then how.
- How shall I present my case to IT authorities?
A merger of SBP and SBI and change in IFSC code was the external event and [its guess] the algorithm would have been developed in such a way that firstly it checks for the refund and mentioned account with IFSC and then backward to 26AS for any mismatch of earnings and since IFSC code was incorrect, hence no processing was done till December 2017. When the revised return with correct IFSC was filed in March 2018, a notice served with a mismatch in May 2018.
In anticipation of a response from experts.
Regards,
Anadi Kaistha
CAclubindia
