Revision u/s 194A

262 views 9 replies

i)How to respond to notice u/s 194 A?

ii)About the following message-

"Interest other than 'Interest on Securities' received (TDS Form 26Q, Section 194A)-69504"

what should be done?As the bank name and TAN no.  is given for this amount Rs 69504=00, but not the account no.

In fact, we have paid the tax on this amount as mentioned in form 26AS, by the same bank.

iii)How to file revised ITR? as there is no provision of the same  in IT dept's website.

Please reply immediately

Replies (9)
194A is income from Interest on securities. You have received 69504 rupees as Interest and TDS has been deducted on that amount. If there is any mistake or any amount forgotten to mention in ITR then that should be reported by filing an revised return before 31.5.21

Section 194A is related to TDS on interest other than interest on securities.

Check if there is any mismatch between ITR and 26AS. If so, file revised return as already suggested by Sourav

So you are aware that you have received an interest of such amount. have you reported the income in your return?

Tax has been paid on Rs.69504 as it was shown in 26AS also.

We do not know why this amount is shown again in notice u/s 194A.

How to file a revised ITR?

It is very similar to filing original return. Select revised return in the ITR form and enter original return details in it and make necessary corrections. Upload X M L.

If you have already received intimation u/s 143(1), then file rectification u/s 154 online:

https://cleartax.in/s/filing-rectification-under-section-154-1

Revision u/s 194 A is not included in the dropdown list while revising the return on the IT official website.

You should select revised return u/s 139(5) under return menu in e-filing portal

Revised return is filed u/s 139(5). Section 194A is related to TDS on Interest other than interest on securities.

If tax has been paid as you claim so, there is no need to file a revised return.

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