Tds and form 24q

My company has given me form-16. There is no problem with TDS deducted or paid to Department, I have some queries

with regard to some details.

1. What will be the column in Form 16 that My Form 26AS Total amount paid/credited must match with ?

2. It is not sure if Annexure -2 for Form 24Q was filed properly by my company, Will I have problem because of this ?

I guess the deduction part in Annexure is not entered properly. When I file my returns, will the IT dept approve the deductions I claim ?

3. Just curious, from where Department gets info for sec 143(1) to compare with what we file in returns , sent in their demand notices ? (Even section 80 details where mentioned in my one of earlier demad notice I recieved 5 years back).

Thanks

Hi,

Although there are mistakes in the form 24Q filed by the company, you should ensure that proper credit of TDS is reflected in Form 26AS. Otherwise department will not be giving credit of TDS while processing the return. Hence if there is mismatch in TDS amonunt in from 16 and form 26AS, ask your company to revise the TDS return

For clarification of your doubt, the return you file (if online) will be processed electronically by the CPC centre in banglore which will only verify arithmaectic and few basic provisions of the Act and then an order under 143(1) of the Act will be sent to you through email address in which you will be getting the comparative analysis odf your return and the processed data of the department. Copy of th order will be also sent to you through post later on.

Only if your return is selected for scrutiny u/s section 143(2), your case will be transfered to the jurisdictional Assessing Offficer. In that case you will be required to produce all the proof of deductions you claimed in the return. So although if there are mistake in the form 16, you can always show proof of deduction to the assessing officer.

Hope your queries are solved.

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Bharath

CA PARTH SHAH

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