Online rectification for e-return filed

Sir,

I am a Bank employee and had opted for Pension last year as per a settlement enetered last year. The deal, inter alia, wanted me to contribute 2.8 times my revised Basic Pay towards the Pension Fund. Even though this was not paid to us an Income tax of Rs. 11,682 was deducted against this contribution, treating it as my salary income. But on a writ petition filed by the Bank Officers' Associations and as per the Court's permission, the amount, instead of being paid to IT Dept., had been kept in Sundry Deposit by our Bank.

I filed an e-return, wherein the total salary was inclusive of the above sum paid to the pension fund and hence the Tax to be paid was computed to be Rs. 94,490. But, when the file was assessed by IT Dept., and compared with Form 26AS, it was seen that only a sum of Rs. 82,808 had been paid to the IT Dept.

The IT Dept. has now asked me to file a rectification return. 

I would like to know the procedure to be followed in this case.

Replies (2)

Hi,

You have to submit the Difference amount vide  Challan and revise the Return, Since TDS of Rs. 11862/- has not been credited to your account.

 

Prateek

Does it mean that I have to pay Rs. 11,862 from my pocket, even though it had been deducted by my employer and kept in Sundry Deposits as per the court order. Is there no way I can inform the IT Dept., that the sum is retained by the Bank on behalf  of the court pending decision.

Originally posted by : Prateek Agarwal



Hi,



You have to submit the Difference amount vide  Challan and revise the Return, Since TDS of Rs. 11862/- has not been credited to your account.



 



Prateek

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