My refund was not processed in the itr u/s 143(1)

ITR 1337 views 11 replies

Hi All,

Last financial year, i have purchased a New Car, and the Vehicle Manufacturer/ Showroom guy have deducted 1% TCS while purchasing the car. I have been provided a TCS cerficate, and was informed that i can claim a Refund in the AY 2018-19. I have also checked my Form 26AS which also reflects that the TCS has been collected by the Vehicle Showroom.

Accordingly I have submitted by Tax Returns, claiming for a Refund of 10K. 

Couple of days back I have received the intimation U/S 143(1) from CPC/ IT department. I noticed that the 143(1) has not considered my TCS and against my claim, it showed 0 value. Due to which, the intimation 143(1) says that there is no refund required. One of my friend suggested that I have to raise a Rectification request. But unfortunately, the rectification is not allowing me to raise a request for the current AY 18-19. I am not sure what or how to proceed.

Request your kind help in assisting me to claim my refund. Please advise.

Thank you in Advance.

Regards

Naveen Balakrishnan

 

Replies (11)

" One of my friend suggested that I have to raise a Rectification request."

Yes, You can.

"But unfortunately, the rectification is not allowing me to raise a request for the current AY 18-19."

Yes, unfortunately the rectification window is closed till the date, and many affected tax payers like you are eagerly waiting for its opening.

Good Luck ...
 

Dear Sir,

Thank you for the response. I am now able to view latest AY 18-19 in the Rectification Request. 

Can you please advise, which of the options among the listed (please see the attachment) one should I use to claim my refund.

As informed in my initial post, My TCS calculation was not considered in ITR U/S 143(1). The TCS entry is being seen in the Form 26AS. 

Please advise. Appreciate  your help.

Thank you

Naveen

Select.......

'Tax credit mismatch correction only'

Thank you sir.

In this, option should i select "TCS Details"? When i selected the checkbox, the details has been auto populated from my Form 26AS. So i just need to click "Preview and Submit" button right? Please advise.

Thank you.

Naveen

Yes, you can select that option.

Sir,

Since TCS was not considered by the CPC for the ITR  U/S 143(1) computation, the refund amount was coming as 0 for them. Now in Rectification, I need to select the TCS and submit the values again. After submitting hope they will verify and re-process the refund request, i guess? How/ what will be the next steps by them?

Thank you so much.

Regards

Naveen

Now a days ITRs are processed by CPC computers. This year there was a bug in the software and hence only TDS was consisered for tax adjustment but not TCS. So, many such assessees having TCS claim have suffered. Hope CPC would have rectified the bug, wish all the assessee would get TCS adjustment; though after rectification request..

Good Luck....

Hi Sir,

As advised, I have submitted the Rectification request on 11th Oct. How much time it generally takes to process the rectification request? Just asking out of curiosity. 

Thank you in advance.

Naveen

This year there is random selection, so exact time period for its process cannot be predicted. Nornmally it takes about 2 to 3 months.

@ Naveen Balakrishnan Sir: Did u received TCS refund to your account after raising rectification request? I also facing same problem. If yes how long it took to get it resolved.

@ Naveen Balakrishnan Sir: Did u received your TCS refund after raising rectification request. If yes how long it took to resolve. I am also facing same issue.


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