I have received an incorrect tax demand for AY 2018-19 from the CPC. The intimation received by me states that out of Rs 3.58 lakhs liability under TDS, only Rs 2.04 lakhs has been received. But Form 26AS, downloaded from TRACES website, correctly states that the entire Rs 3.58 lakhs has been received. I have already disagreed to the tax demand on the efiling website, and have also submitted a grievance to which they responded by saying they will share the status over email and marked the grievance status as 'Resolved'. This was about 2 months back, and the demand is still there.
I contacted my company's payroll team and they said this is due to some error in IT department's software, and many others within and outside my company have received similar demands. They haven't recommended any specific action to be taken by me.
So, I have following 2 queries from the esteemed members here :
1) Is it true that many have received incorrect tax demands for AY 2018-19?
2) What should I do now? Shall I approach the AO or wait and watch? Will the outstanding demand from AY 2018-19 have any impact on my ITR filing for AY 2019-20?
Thanks!
CAclubindia
