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Mismatch in tax credits claimed and allowed

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Manas Phadke

Senior Consultant

76 Points Posted on 25 May 2022

Experts,

I recently received the intimation u/s 143(1) for AY 2021-22. In that there is a mismatch between tax credits claimed and allowed for TDS on interest u/s 194A due to which refund amount is lower than claimed in return. I rechecked the TDS amount in 26AS and it is matching with what I had submitted in the TDS schedule for that deductor. Attached screenshot for reference.

What are the options available to me in this case since the TDS credit has been wrongly disallowed in the assessment leading to lower refund?

Regards,

Manas Phadke

Replies (4)

Quick Summary

A user received an intimation notice for AY 2021-22 showing a mismatch between claimed and allowed TDS on interest (Section 194A), resulting in a lower refund. Despite the TDS amount matching their Form 26AS, the tax credit appears as a mismatch on the portal. The user is seeking advice on the next steps, including whether filing a rectification request to reprocess the return is appropriate.

Manas Phadke

Senior Consultant

76 Points Posted on 27 May 2022

This mismatch is also appearing when I check under Services--Tax Credit Mismatch. Can I go ahead and file a rectification request (Reprocess the return) or is there something else that needs to be done?

Manas Phadke

Senior Consultant

76 Points Posted on 30 May 2022

Can someone please advice what should be the next course of action?

CA Puja Sharma

Chartered Accountant

3528 Points Posted on 30 May 2022

Please check the tax credit mismatch option on your income tax account. If there is no mismatch in tax credit in that option, you can file for rectification to reprocess the return.

Manas Phadke

Senior Consultant

76 Points Posted on 31 May 2022

The difference as per the screenshot in my op is showing under Tax Credit Mismatch on the portal. Not sure why only a partial amount on the TAN was matched. The amount of TDS claimed is still matching with the figure in 26AS.