Tds used for 143(1) computation is different from 26as,extra interest added in total demand amount ?

TDS 1135 views 5 replies

Paul

Employee

25 Points Joined April 2019

Dear Sir,

I am asking this in this online forum as I am out of country for work reason and unable to meet a consultant physically.

I just got a email notice U/S 143(1) for my return filed for FY18-19 within due date (due date was 31.08.2018, I filed on 26.08.2018). When I check for details, I could see some mismatches mentioned for the followings in the notice received.

Particulars	Reporting Heads	As Provided by Taxpayer in Return of Income (in Rupees)	143(1) As Computed Under Section 143(1) (in Rupees)
INTEREST PAYABLE	(A) FOR DEFAULT IN FURNISHING THE RETURN (SECTION 234A )	0	0
	(B) FOR DEFAULT IN PAYMENT OF ADVANCE TAX (SECTION 234B )	2,355	3,283
	(C) FOR DEFERMENT OF ADVANCE TAX (SECTION 234C)	2,376	2,784
	(D) Fees U/S 234F	0	0
	TOTAL INTEREST AND FEE 31=(30(a)+30(b)+30(c)+30(d))	4,731	6,067
	AGGREGATE TAX LIABILITY 32=(29+31)	2,14,143	2,15,479
PRE-PAID TAXES	TDS	1,62,270	1,54,237
	TCS	0	0
	ADVANCE TAX	0	0
	SELF ASSESSMENT TAX	51,870	51,870
	TOTAL TAXES PAID 37=(33+34+35+36)	2,14,140	2,06,107

When I check my form 26AS for FY18-19, I don’t find any difference between my total TDS claim (Rs. 162270) in return and details available as per from 26AS (Rs. become Rs. 162270 when I add up all TDS for FY18-19).

From the notice details I understand it is caused for a different amount of TDS considered for computation under section 143(1) than the amount (Rs.14737) mentioned in the for 26AS. I have used the TDS amount(Rs.14737) from the Form 26AS in my return for this Deductor-SBI.

Information from the Notice received
Sl. No (1)	TAN of the Deductor/ PAN of the Buyer (2)	Amt. Claimedunder TAN of Deductor / PAN of the buyer in Column.	Amt. Claimed (4)	Amount Matched (5)	Amount of Mismatch (6)	AY (7)	Valid Tan Flag (8)
1	MUMS86183G	STATE BANK OF INDIA	14,737	6,704	8,033	2018	Y


Information from Form 26AS for FY18-19
Sr. No.	Name of Deductor	TAN of Deductor	Total Amount Paid/ Credited	Total Tax Deducted ^#	Total TDS Deposited
4	STATE BANK OF INDIA	MUMS86183G	147322.41	14737.00	14737.00

Now I don’t understand the reason behind the mismatch in Total Interest and Fee ((Rs.6067- Rs4731= Rs. 1336).

Is this also added up because of the main incorrect demand for TDS claim mismatch (Rs.154237 – Rs.162270=Rs.8033) which is considered due from the return filing date?

Can anybody please suggest how to proceed?

Completely deny the demand?

or partially deny the demand and pay the interest amount?

Thanks for your patience to read and willingness to support.

Regards,

Paul.

Replies (5)

satya

service

72 Points Joined January 2016

Simply file online rectification application through e filing portal for Tax credit mismatch correction. Probably, your TDS data was not fully updated in ITD database at the time of processing of ITR. if you see prefilled TDS data while filing rectification, that means it is updated and you will get your TDS credit easily. BTW, I guess you are talking about AY 2018-19(FY 2017-18).

Paul

Employee

25 Points Joined April 2019

Dear Sir and Other members,

Thanks for your answer and your attention to my mistake for mentioning the correct financial year.. When I try for rectification for AY2018-19, I get three option for correction against the pre-filled intimation reference number with the notice I received (also attached screen shot for the available options)

1. Return Data Correction (XML)

2. Only reprocess the return.

3. Additional information for 234C.

I don't see any option for tax credit mismatch option for the applicable assessment year (2018-19). This option I can find if I try to create rectification for previous year, which is not my intention.

I guess, If I apply for "Only reprocess the return" then also it should work as it will hopefully be processed again comparing with the available form 26AS again.

Is my understanding correct ?

Just wanted to check before any submission for rectification.

Regards,

Paul.

satya

service

72 Points Joined January 2016

Try through this path: Dashboard- view return- income tax return-clk on acknowledgment number- there will be link for rectification in detail of timeline of ITR below processing detail.In that link there is option for TDS credit mismatch correction. ( it is showing in my e filing ). Anyway Reprocessing shall work as well. It worked in my personal case in same situation of non credit of TDS.

Paul

Employee

25 Points Joined April 2019

Dear Sir,

Thank you for your quick response. Even in the Path Dashboard-view return-........... TDS credit mismatch option was not available for me (ITR2, AY18-19).

I applied for "only reprocess the return" under e-File >> rectification.

After submitting this shall I again need to submit my response under e-File >> response to outstanding tax demand >> submit with the below options.

1. Demand is Correct ? 2. Demand is partially correct ? 3. Disagree with demand ? 4. Demand is not correct but agree for adjustment ?

or the process from my-side is already completed as of now with the rectification request >> only reprocess the return >> Submit.

Thanks for your great support.

Swati Aggarwal

2 Points Joined December 2020

Dear Paul, I had encountered the same TDS mismatch issue as yours for AY 18-19. I have submitted rectification request under "only reprocess the return". I wish to know whether your TDS mismatch was rectified after this or not?