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ITR 4

vaishali (student ) (362 Points)

06 March 2011

HIII FRNDS

I NEED HELP

FOR THE AY 2009-10 I HAVE FILLED RETURN ON 31/03/10 DECLARING INCOME OF RS 381380 AND TDS OF RS 119937 . RESULTING IN TAX LIABILITY OF Rs. 23532/- AND REFUND OF RS. 96405 WHEREAE I GOT THE REFUND AMOUNTING TO RS 29470/- LAST WEEK. SO I NEED TO WRITE THE RECTIFICAITON LETTER ALONGEITH SUBMISSION OF ORIGINAL TDS CERTIFICATES.

BUT NOW THE PROBLEM IS WHILE FILLING THE RETURN I REPORTED TDS ON THE BASIS OF CERTIFICATE AVAILABLE i.e Rs 119937/- BUT NOW WHEN I M GOING THROUGH 26AS I AM GETTING TDS REPORTED AGAINST M PAN AMOUNTING TO Rs 162000/- SO NOW HOW CAN I CLAIM THE BALANCE DIFFRENCE ????

PLEASE HELP ITS V URGENT

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5 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 06 March 2011

reconcile the 26AS with TDS certificates available with you to sort out the additional sum and deductor,

praveen (Chartered Accountant) (6971 Points)
Replied 06 March 2011

You have to claim the amount which is correct, check the next AY tds certificates also sometimes in case of mistake from the filier it can show such amounts

vaishali (student ) (362 Points)
Replied 07 March 2011

THE CERTIFICATES ARE NOT AVAILABLE IN NEXT YEAR . I HAVE RECONCILLED THE DIFFRENCE . CAN I CLAIM REFUND IN AY 11-12 IF YES HOW ?? AND I DONT HAVE CERTIFICATES FOR THE BALANCE AMOUNT . ONLY ON BASIS OF 26AS CAN I CLAIM REFUND???

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 07 March 2011

26AS is a statement of TDS credit, where u can get the deductor details, amount deducted, and sec,

1) reconcile the TDS certificates available with you and mark them in 26AS - 1st stage confirmation

2) for remaining entries in 26AS, check your books entries and reconcile them, - 2nd stage confirmation

3) for the entries which are neither in TDS certificate form, nor in books entered, contact the deductor for clarification

u can claim whole amount as per 26AS, but at the stage of correction we are afraid that proceedings would invite re-assessment u/s 143, so if there is any mismatch in your accounts get the reconcilation ready with you.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 07 March 2011

you have mentioned only the refund amount but not mentioned the assessment order u/s 143(1) issued by department, you have to rechek the difference between your return filed computation vs assessment computation, if they have added back any entry or rejected any credit , there may be grounds for doing so.