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IT demand vs 26 AS certainTDS not considered.

395 views 3 replies

LAKSHMI KANTH

TAX CONSULTANT

449 Points Joined July 2018

Sir. while passing the intimation u/s 143(1), certain TDS credits are not considered, and the same has been turned in to demand. now, through IT portal, do l have to reply to IT damand tab or do i have to raise a grievenace to CPC Bang. which is the correct methed. kindly advice.

Replies (3)

Manoj Raturi

student-CA FINALS

191 Points Joined March 2014

If TDS has not been considered by income tax department that mean your tds has not been deposited by the party so you need to inform this to party and tell them to deposit it and revise their tds return and issue Form 16/16A.

P S. P

Articled Assistant

27 Points Joined December 2008

Even I have received such notice, I have reprocessed the return and now waiting for it's status. You may also do the same for time being.

Ashok Kumar

CA qualified

389 Points Joined November 2012

Check if the TDS credits are appearing in Form 26AS and if so, whether the TAN as appearing in Form 26AS is entered in the TDS schedule of ITR.

If still not rectifiable, there could be even other case-specific reasons, for eg., banks deduct tax on family pension u/s 192 but assessees offer income under IFOS, hence will have to be explained to allow the credit.