Unknown transactions in my form 26as discovered today?

Unknown Transactions in my form 26AS discovered today?

I came across certain unrelated transactions in Form 26AS today from a company called DARCL LOGISTICS LIMITED under section 194C. I am not at all having connections with Deductor.

Unfortunately when I further downloaded all earlier Forms from TRACES website I found such transactions for 4 years out of last 8 years.

Pls guide as to what should be my next step.

Appreciate practical workable advice which I can follow and get my issue resolved.

Thanks in advance

Replies (10)

Kindly send a letter to your AO , disclaiming this income and stating therein that no income accrues or arises to you from the above deductor ,and  mentioning therein the A.Y for which such credit was given. I hope you did not utilized this credit either. 

Do not utilize such tds credit from unknown parties. The only reason it is showing in your account is that the deductor has put wrong PAN in return. In case of income tax query you could prove from bank entries that no such income is recd. Further, as said by Z above, you may voluntarily alert the tax office.
I agree with rashi regarding non utilization of credit

Yes do not use and for your records give in written to Ao for your safety and future action.

You observed the Tax credits today. So you must not have taken credits in previous years.

The TDS return filed by the deducter has been mapped to wrong PAN.

You should not claim Tax credits at any cost.

Write a letter to your AO. with your 26AS statements where tax credits and payments occur.

You should give a copy to TDS AO also and CIT of your range. If you personally go take an acknowledgement. If you send by post send it by Registered AD letter.

 

Write a letter to the AO . Put full information in the letter regarding wrong TDS Plus attach Previous year returns copy mentioned that you have not claimed any TDS For that amount 

Dear Sunando Greeting in your case the company wrongly put your pan as I think that you don't had received any income in your bank. It is astonished it is not in only the previous year but also earlier year which you had already filed your return as I guess... Step- you should voluntarily write a letter to your AO(WARD) and also write a letter to tds cpcand also the company... And don't clam the same tax credit... For your wellness Happy learning Thank you CA Saubhagya 9658339601
Dear sunanda......pls recall if u have any dealing with Delhi Assam roadways I.e. previous name before writing to the IT dept. Check also your circle who may have dealing with this concern.... All the best....raghavan

Thank you all for your kind guidance and reply. Its very relieving.

Any sample letter / draft which i could use to deraft my letter to AO?

 

You need not write long letter. Just take a print out of 26AS where the error has occured by deductor. You need to write just two sentenses that  Tax credits and the income by "DARCL LOGISTICS LIMITED" Tan No ___  does not belong to me . I have not taken tax credits for  the same in the ITR return filed by me. Please note the mistake and inform the party.. This is for you information and further action please.

 

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