Mismatch of TDS Credit

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Tds on post office commission income shows lower amount in 26as than form 16a and income tax return has been filed as per form 16a in the hope of ratification in 26as by the time but still it shows lower amount... what will be the consequences and what should I suppose to do? please guide...
Replies (11)
section 40ab not clear
Thank you sir for your reply actually form 16a is received from the deductor i.e. Post Office here and it shows different amount from what 26as shows... Should I revise the return or wait for the intimation u/s 143(1)? kindly guide...

Go as per the true computation of the total income and not merely by whatever is stated in form 16A or 26AS.

Furthermore, you have shown the income on the higher side and not on the lower side, therefore, there is no need to worry.

 

Thank you sir for your reply as per both i.e. form 16a and 26as calculation is proper i.e. as per both tds is 5% of total commission income and so form 16a shows the higher amount of income resulting in higher amount of TDS refund claim which is more than what is shown in 26as that's why I am confused that whether refund will be granted for an higher amount? Please help me with this regard...

If the form 16a is issued by TRACES, only then it is valid and will match 26AS.

If you have filed return according to 26AS nothing to worry. 

If you have not then income and corresponding TDS should be as per 26AS only.

Ask post office to give Form 16a according to  26AS (given by TRACES) WHICH IS AUTHENTIC. 

When you log in to  tdscpc.com you tick every time that you will take TDS as per 26AS.

Thank you for your reply, form 16a is received by deductor which is generated from traces even then it shows different amount...

I'll again insist to go as per the actual computation.

The income received/receivable is after the income and ascertain how much tax has actually been deducted and then go as per that. Forms can be revised, they do not determine the income. The income is computed as per the provisions of the Act and so is the amount of TDS. Do not let what's mentioned in the form over-ride the Income Tax Act.

In my mother's 26AS, there is the mention of an income of around 10 Lakhs which does not belong to her. While filing the return I did not consider that 10 Lakh as the income and filed the return as per the provisions of the Act and filed an application to the AO disclaiming such income.

 

 

I re-iterate, comply with the Act, not just the form.

The deductor should raise greivance with TRACES.

Deductee should go to the post office and point out the mismatch. 

goto tdscpc.com and  view/download certificate by giving the certificate no.

This certificate should match with 26AS.  

It is most likely that the TDS return might be revised later.

 

If the income has been received then you can easily ascertain the amount of tax which has been deducted. For eg, if the income 10 Lakhs but you have received 9.5 Lakhs then 0.5 Lakhs is the Tax which they have deducted.

 

There should not have been any mismatch. Go as per the actual deduction, ITR can also be revised. But yes, to remove the mismatch, you must request the deductor to resolve this issue and revise the TDS return filed by them. The entry in 26AS is as per the TDS return filed by the deductor. Perhaps there could be some error while filing such return which leads to this mismatch (which really shouldn't have existed)

I fully agree with @ Z.
Thank you very much sir for clarification....


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