Intimation received u/s 143

Hi

I have received intiamtion u/s 143 in that it showing refund amount of982/- But When i filled my it return the refund was4100/- . When i check my tax credit 26As they considered only982/- But i am getting insurance commission from Lic also they have deducted3118/-. The IT department has not considered3118- in computation of income tax.

In above case what i do? How do i go ahead.

Pls reply.

Replies (17)

It may be possible that LIC has not deposited the TDS amount in correct PAN No., thats why it is not showing in your 26AS detail. you should send a request letter to the ITO regarding short fall in refund. also  produce the TDS certificates received from LIC in support of your claim.

Hi !

Of late, the IT dept is blindly going by the amount of credit available in your PAN ledger (26AS). Therefore, you may better approach the Manager of the LIC office to amend their quarterly TDS return.

Good Bye! Cheers!!

if  you have e-filed your return then, contact your LIC people and make sure u receive the credit in form 26AS.Then upload a rectification online. 

Hi dear .

You have two option either u can revise return if it is filed u/s 139(1), or or file a rectification of mistake u/s 154

u file a rectification of mistake apparent from the record showing full detail of 26AS.

Approach the LIC to file correction statement. As soon as the file is uploaded by the CA it will be reflected in your Form 26As in 3-4 working days. After file the Rectification online and you will get the refund as soon as the Intimatiion for the Rectification is issued.

I AGREE WITH SARVESH...

THANKS
 

Dear Friend,

Write a petition u/s 154 for correction in return and claim demand and enclose a copy of the LIC TDS certificate.  The IT department will change the record and will issue the balance refund with interest u/s 244A(1).

Hi,

you can go to the website, www.incometaxindiaefiling.gov.in and login with your PAN No. and password.

 

In this website you can view your Form No.26AS, you can check whether all the TDS deducted got deposited or not.

 

Regards

Venu Ch

 

Hi

Thanx for your suggestion. But i would like to say that i have checked 26AS and in that it showing the same amount deducted by LIC. In such case should i filed the revised return or any other way to revert IT department.

Please reply.

 

some times IT Department will give less deductions, even if you claim higher deduction, so please check the calculation. The calculation are available in the intimation letter. 

Hi venu

I have checked the intimation in that they have considered only Rs 11206/- and tds deducted by lic they have ignored. there is any calculation error or programm error. Pls give me ur emaild id so i mail u the intimation.

Pls reply.

 

 

Hi Please reply me anybody for my above query?

 

go to your LIC office and ask for the TDS certificate, then file rectification petition u/s 154

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