Refund

Others 219 views 3 replies
For AY 2017-18 income tax return of my client was filed by himself on 09 Dec 2017, in that return the refund of TDS of Rs 4902/- was claimed and same was processed successfully on 01 Jan 2018 and refund of rs 4920/-was paid on 10 Jan 2018. However the said client came to me in Dec 2018 and informed me that Refund of Rs 399890/- was pending for AY 2017-18. I checked his income tax status on income tax portal and found that his Income Tax return for AY 2017-18 is processed. On checking of his 26AS i found that TDS of Rs 399890/- under sec 194C was there which is not entered in his income tax return. On further inquiry he told me that he received payment of rs 3998900/- as compensation of land acquired by govt for irrigation purpose. On the basis of all these situation, on 11 Dec 2018 i filed revised return for AY 2017-18 u sec 139(5) and claimed refund of Rs 404790/- (4902/- + 399890/-). On 24 Jan 2019 i received intimation u/sec 143(1) and found that there is tax credit mismatch of 399890/-. In the said portal there is tax credit mismatch shown of rs 399890/-, the said portal is showing that amount available in 26AS is 0, but on traces portal there is TDS of Rs 399890/-. Now my question is how to claim refund of rs 399890/-
Replies (3)

income has been shown in A.Y. 2017-18, if not shown you have carried forward tds by rectification filed in a.y. 2017-18 and next year you will show your income and tds claimed in a.y. 2018-19. if you filed a.y. 2018-19 return, you will file revised return of a.y. 2018-19.

 

 

sir already income of rs 3999890/-
shown as interest on compensation of compulsory land acquisition

carry forward tds in 2017-18 by filed rectification and tds claim in next year a.y.2018-19.

if you have filed a.y. 2018-19, you will filed revised return and claim tds only.


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