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Which rectification reason to select for foreign tax credit issue - urgent

Sanjeev (Tax Payer) (116 Points)

23 April 2019

Hi,

I got the intimation u/s 143(1a) from ITD. Upon analysing the notification, I see that there are two discrepancies.

1. Salary mismatch

2. No relief given u/s 90

I prepared a rectification X M L and tried to upload it to the efiling website. I need to provide the reason for rectification from various options provided and select the schedules.

For my fist issue, ie.e, salary mismatch, there is a corresponding option in the reasons listed.

But for my second issue, i.e., no relief u/s 90, there is no option listed there. Now, how do I specify the reason and select the corresponding schedules ? I want to select the schedules TTI (which I used to enable the FA schedule), FSI and TR. Also, I filled form-67 now.

Please help. Its urgent.

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9 Replies

Dimple Mahatre (Professional) (247 Points)
Replied 23 April 2019

'Tax credit Mismatch"

4 Like

Sanjeev (Tax Payer) (116 Points)
Replied 23 April 2019

Thanks for the response.

Even the issue is with FTC, i.e., not getting the relief u/s 90 (DTAA), still tax credit mismatch ?

I have updated the FSI, TR and FA sections along with form 67 as supporting documents

Sanjeev (Tax Payer) (116 Points)
Replied 23 April 2019

I selected reason "Tax Credit Mismatch" but still the schedules FA, TR and FSI are not appearing in the list

Girish Trivedi (None) (310 Points)
Replied 23 April 2019

How will that appear automatically? Its sec. 90 (DTAA) claim, isn't it?

3 Like

Sanjeev (Tax Payer) (116 Points)
Replied 23 April 2019

Yes, it is DTAA claim...

SO, what is the right way to select the options and what to mention in "others" if that is the only option

Sanjeev (Tax Payer) (116 Points)
Replied 23 April 2019

As I understand:

The CPC processing is totally computerized. Corresponding to the rectification reason options that I select, the relevant schedules of the ITR gets selected. While processing the rectification request, it is only these selected schedules of the rectification return that replace the same schedules of the original return and processing is done again.

Now, if one selects the rectification reason as "others", then no schedule is selected.

So, no schedule of the original IT return will be replaced, and hence, rectification will yield nothing.

So, schedule selection is a must....

Please correct me, and suggest me how to handle DTAA rectification ?

Fenil Jetpara (self) (316 Points)
Replied 23 April 2019

If you are serious, better contact a local professional with paid service, or post the topic in 'Experts' section of the app.

Good luck.

3 Like

Manjo (Professional) (22 Points)
Replied 26 February 2021

KK Hariharan (Engineer) (35 Points)
Replied 19 March 2021

Hello, I am in a similar situation. I had filed a revised return for AY 2019-20, as part of which I had claimed Foreign Tax Credit (FTC) under the India-US DTAA, by providing the necessary details in Schedule FSI and also submitting Form 67. Furthermore, when I filed the revised return, I had returned the refund I had received upon filing the original return, along with interest thereon, by making payment in the form of Tax on Regular Assessment [400].

I received an intimation u/s 143(1) a couple of days ago, and NOTICED THE FOLLOWING ISSUES:

i. The FTC amount claimed u/s Sec 90/90A is listed under the "As provided by taxpayer" column but is listed as zero in the "as computed under Section 143(1) column".

ii. The payment made as Tax on Regular Assessment [400] has not been considered at all (only the advance tax [100] and the self-assessment tax [300] have been considered).

MY QUESTIONS ARE:

1. What option should I select in the rectification request form so that I am given the option to upload Schedule FSI containing the FTC details again?

2. Where exactly should I list the Tax on Regular Assessment [400] payment? Note that Part IT only asks for "Details Of Advance Tax and Self Assessment Tax Payments", so it is not clear if Tax on Regular Assessment [400] should also be listed there. This amount does appear under "Details of Tax Collected at Source" in my Form 26AS.

3. The email intimation I received stated that since "there is a variance of Rs.100 or more between Tax Credits (TDS/TCS/Advance Tax/Self Assessment Tax) as claimed by you in the Return of Income and the computation as per attached Intimation, a separate email will also be sent providing details on the same. " Any idea how soon I can expect to receive this email?

Thank you in advance for your guidance. I am new to this forum, so if I should be posting this elsewhere, please advise.