Incorrect income tax filed for ay 2012-13

ITR 564 views 3 replies

Dev

Others

47 Points Joined June 2013

Hi,

For assessment year 2012-13 I filed my income tax with a online company. Now when I check my Form-26AS for same assessment year 2012-13, it says below tax deducted:

Name of deductor Tax Deducted (in Rs)

ICICI BANK 3400

ABC Pvt Ltd 30,000

But the ITR-1 form didn't reflect the ICICI bank tax deduction (i.e Rs 3400), also same is not reflected ITR-V form. At that time I didn't notice it.

Now though the process is already completed and I have received the acknowledgment from Bangalore as well.

So let me know what is possible now.

Replies (3)

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3489 Points Joined June 2011

File a revised return if the original return was filed within the due date. Simple. But -- are you willing to show the income say Rs Y corresponding to TDS Rs 3,400 ? Did you show this income in original return.

Look into matter. And come back in this illustrious Forum.

Regards,

Dev

Others

47 Points Joined June 2013

It is basically cummulative TDS deducted for all my fixed deposit with the bank.

And I am assuming if the TDS is already deducted then that Income Tax athourity is already aware of that income. Please correct me if I am wrong.

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3489 Points Joined June 2011

True, Dept is aware of your income. But in order to claim TDS set off you should offer the corresponding income for taxation either in original or revised ITR.

Thanks,