Rectification request related query

Tax queries 233 views 3 replies

Rajesh

292 Points Joined June 2017

Respected Sir/Madam,

I have received a notice of demand 143(1). The issue is the TDS in Form26AS is say 10000 Rs but somehow Incometax dept has computed it as 9000 with whatever data they have with them. So they feel I paid Rs 1000 less. There is other interest levied too that I don’t question. Hence the fact is ‘Demand is partially correct’.

Do I need to file a rectification request, even though there is no change in TDS data from my side. Even the latest Form26AS downloaded as of yesterday for FY17-18 shows the same amount that I mentioned in ITR?

In rectification I will have to submit the same values again claiming that they are correct as per Form 26AS, is that the correct step?

Thanks & regards.

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210453 Points Joined July 2016

Any reason why the TDS not considered fully?

Is there any separate entry of 1K which is not flagged 'F' ??

If everything perfect, just do not agree to demand and justify the TDS entries.

CA Shrey Tripathi

Proprietor at S I Tripathi & Co.

154 Points Joined February 2013

Agree with Dhirajlal Rambhia Sir..

interest levied may be due to additional demand of Rs. 1000/-. Re-Check your tax calculation and if you feel your original itr is correct, then file rectification request and select "reprocess return" .

you can also file grievance online against cpc for additional precaution

Rajesh

292 Points Joined June 2017

Thank you respected Sirs for your response. Interest is under 234B & C and I think it's because the last installment of about 10000 Rs was paid in July rather than March. For mere 1000 Rs miss interest can not be = 1000 Rs. It must be because of not paying advance tax in time. 10000*1%*4 (Mar thru July = 4 months) comes to around 400 and similar could be 234C. So I do not question the interest component and shall just go ahead and pay the sum soon.

I downloaded latest Form26AS today. Still the SBI TDS entry is 10000 Rs therein whereas ITDept has taken it as 9000 in their assessment. So now I have every reason to believe that what I entered in ITR is as per the facts of Form26AS. Additionally I will ask SBI for a separate TDS certificate. If that also shows Rs 10000 now then I have a strong evidence. Then it's a matter between IT and SBI, who is right and who is wrong.

However if SBI now shows 9000 Rs TDS then it's a bad mismatch between what they submitted to Form26AS earlier and what they are telling now. Then I am a victim of bad luck on part of lousy technical/manual error on part of bank. Then it would be wise to simply pay full demand rather than wasting my time trying to prove third party mistake.

Thanks for your answers again and best regards.