RECFICATION UNDER SECTION 154 AND ITS REJECTION

344 views
User Avatar

GM
23 Points Posted on 01 February 2021

Dear Sir, I have filed rectification under section 154 several times but it is being rejected and claiming tax without considering TDs as per 26AS and TDS claimed as per ITR. everytime they send reply that "as seen from the return of Income filed for FY 2017*-18 have not admitted the complete receipts shown as per 26As. Hence, in accordance with Rule 37BA of the Income Tax Act, your TDS credit has been restricted to the corresponding receipts shown in the return of income.

I have submitted reconciliation between 26AS and Revenue as per Balance Sheet every time.

Please advise what should I do and how do I file the reconciliation and get my pending refund.

0 Reply Share Follow
On 01 February 2021 at 10:36 Report
Replies (4)
Quick Summary
This discussion addresses recurring rejections of rectification applications filed under Section 154, where tax authorities are not allowing TDS credit as per Form 26AS, citing discrepancies with the income declared in the ITR. Despite submitting reconciliations, the issue persists, leading to delayed refunds. Participants are seeking advice on how to correctly file reconciliations and resolve these technical glitches, particularly for FY 2017-18, where specific ITR schedule formats may have caused confusion.

User Avatar

Chartered Accountant
86505 Points Posted on 01 February 2021
Check out the income you declared in your ITR , the reason being that you have not declared income as shown in Form 26AS
3 Reply
On 01 February 2021 at 11:49
User Avatar

3 Points Posted on 10 February 2021

I'm in the exact same situation for FY2017-18. Data in ITR and 26AS checks out, but getting rejections for revised returns and grievances.

Only place I suspect a mistake is the Schedule S for that year which looks weird and different from later years. In FY2017-18, they have asked for "Salary (Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)" where I entered salary excluding perquisites minus allowance exempt u/s 10. Nowhere in the ITR utility have they calculated gross salary. But in the next year, they had added a non-modifiable column for  "Gross salary"

If OP was able to resolve the problem, can you please post the steps you took? 

Reply
On 10 February 2021 at 15:18
User Avatar

2 Points Posted on 10 February 2021

Dear Madam, since we are into service industry (tour and travel industry) and do not have our own products, the earning is our turnover actually, but tds is deducted by customer on invoice value in case of tour/package invoices as per income tax law.

Reply
On 10 February 2021 at 15:38
User Avatar

Chartered Accountant
86505 Points Posted on 11 February 2021

As the case is of technical glitches on portal, it is required to be check first before replying. Either to consult with some nearby CA or you can DM me.

Reply
On 11 February 2021 at 21:52

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading