Tax Drmand - Form 26 AS

TDS 235 views 6 replies
One govt employee got a Demand notice for AY2012-13, On their computation sheet TDS is less than 26AS. However in the break up of payments of TDS in Form 26AS Status of bookinh for some amounts is shown as P. And that is the same amount of Demand. What is the solution for this now?
Replies (6)

two conditions not paid or mistake 

if mistake remove it 

if not paid paid it 

mistake is of employer right?
How do we remove it. Total tax deducted figure in Form 26AS is correct. However in breakup, status some amounts are P which is the same amount as Demand.

Form 26AS

Form 26AS is introduced by income tax department and tdscpcl. It is a really useful tool which not only gives you annual  tax related information, but also saves you from income tax notices.In this part, we will analysis each part of form 26AS.

Form 26AS is divided in six parts:

PART A:

Here, we can see information about total TDS deducted by deductor during the year.

  1. Sections means in which income tax section your tds was deducted.
  2. Transaction date means when an amount was deposited or credited to your account.
  3. To get the tax credit, the status of booking should be ‘F’. F means the final status of TDS. It means tds deposited by the deductor in the bank and tds amount filed by deductor in tds statement is matched.

In other case, it will be O (overbooked): Amount claimed in tds statement exceeds tds deposited in bank, U(unmatched): amount claimed in tds statement does not match with amount deposited in bank, P (provisionally matched)-tds deducted by book entry by government and still not verified by PAO.

if paid write to ao showing him all challans of tds paid this will solve your 

problem but 26 as should match with tds paid of that concern year

if not rectified notice of demand will keep coming 

ask traces ragarding this or meet ao with ur problem 

 

 

Thanks. I read this. But what is the solution for this? How can assessee rectify mistake of employer? That too mistake of 5 yrs back.
Thanks Samir :-)


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