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Unmatched Flag in 26AS

RAKESH JAIN (RETIRED COMPUTER PROFESSIONAL) (369 Points)

11 November 2009

Dear Sir/Madam,

In my 26AS database on TIN-NSDL website I see the following type of entries(I have screened the serial number, bank name & TAN of bank):

NN XXXXXXXXXXXXX YYYYYY 194A 21-05-2009 212.00 10.00 10.00 U 30-09-2009

This type of entries are appearing for last 3 years. I have requested my

bank to resolve the problem & they have contacted their CA to do the needful but seems CA does not know how to solve the problem.

What exactly is U (Unmatched flag) & how it occurs & how to get rid of it? I guess without getting rid of this, I will not get credit for this TDS?

So, kindly suggest & help. Best regards, RAKESH

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1 Replies

vinod (engineer) (36 Points)
Replied 11 August 2014

dear sir/madam,

i am govt. servant all taxes due have been deducted from my salary, before 31mar2014 for FY 2013-14. I am e-filing my tax returns for FY2013-14 late. In my form 26AS on i.tax website, TDSof Rs 1478/- is shown as deducted by bank under section 194A and on filling up tax returns, this amount is showing as "tax refundable". My queries are-

i) Do i have to show income on bank ineterst as income from other sources in my return?

ii) If yes, do i have to get any kind of statement from bank before filing return?

iii) This TDS under 194A has been deducted at 10% by bank ,while i am in 20% tax bracket. so do i have to pay additional tax at 10%(ie to make TDS= @ 20% as per my slab) ?

iv) Since i am filing late tax returns, do i have to add 1% fine amount also, before paying this tax? ( filing tax in aug14 instead of july31'2014 with tax due=10% )

v) the helpline of i.tax saying that just claim refund 0f 1478/- as appearing in returns and no need to pay any tax or fine.but i am not convinced.

Experts may please help me as i am very confused over this. Thanks in advance.

warm regards, vinod.