A employee of a College has received Form 16 for AY 2007-08 , the TDS deducted per Form 16 is not given by the Income Tax in its Intimation U/s 143(1). On checking of 26AS, we understand that there few entries are not appearing in 26AS.
The college claim that it has paid the TDS so deducted to Income Tax Department and has Challans duly receipted.
1. What can be the remedy?
2. What are the reasons for this mis-match
3. Will the Refund of subsequent years be adjusted against the Demand appearing in Intimation U/s. 143 (1) for AY 2007-08.
Request experts to reply on these issues
CAclubindia
