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Tds not fully taken ay 2017-18

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SHIRISH S S

Proprietor

782 Points Posted on 27 April 2018

I filed my return for AY 2017-18 on time.

I got intimation of 143(1) today morning. There was a demand of 21K instead of refund of 59k.

Two TDS of 22k and Rs 55555 which are appearing in 26AS - the amount of tax credit given is zero. Beause of this there is interest under 234B and 234C.

I doubt whether they check personally the 26AS.

My question is if i send for rectification the interest will be reversed or not ?

Replies (3)

CA K.Srividhya

Chartered Accountant

139 Points Posted on 27 April 2018

Mr. Shirish
You can file rectification u/s 154 and claim TDS. If the rectification is accepted by the department then interest will not arise.

CA Rashmi Gandhi

Chartered Accountant

44487 Points Posted on 27 April 2018

File rectification u/s 143(1) giving reason being TDS mismatch.

You should file rectification u/S 143(1) online through e-filing portal and also submit response against this outstanding demand.
When you filed rectification u/S 143 (1) please choose the first option i. e. Tds mismatch and fill the details of Tds again and submit it.