Dear experts,
Actually, last year we filed the IT returns for our company for the F.Y. 2012-13. We received a refund amount of Rs. 27,550/-, but there is a shortage of Rs. 74,751/-. Upon analyzing the intimation letter and 26AS statement for the F.Y. 2012-13, we discovered an error in the TDS values calculated by the IT department. In the 26AS statement, our TDS amount shows as Rs. 3,88,038/-, while the IT intimation letter states it as Rs. 3,13,287/-, resulting in a shortage of Rs. 74,751. As a result, our refund amount is also Rs. 74,751 short. Kindly guide me through the step-by-step procedures to recover the shortage amount from the CPC.
I seek assistance from seniors and eagerly await your earliest reply.
Thanks,
Maya
Regards
From India, Tiruchchirappalli
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Actually, last year we filed the IT returns for our company for the F.Y. 2012-13. We received a refund amount of Rs. 27,550/-, but there is a shortage of Rs. 74,751/-. Upon analyzing the intimation letter and 26AS statement for the F.Y. 2012-13, we discovered an error in the TDS values calculated by the IT department. In the 26AS statement, our TDS amount shows as Rs. 3,88,038/-, while the IT intimation letter states it as Rs. 3,13,287/-, resulting in a shortage of Rs. 74,751. As a result, our refund amount is also Rs. 74,751 short. Kindly guide me through the step-by-step procedures to recover the shortage amount from the CPC.
I seek assistance from seniors and eagerly await your earliest reply.
Thanks,
Maya
Regards
From India, Tiruchchirappalli
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Thank you very much for your earliest reply. Will you plz kindly let me know the step by step procedures to be followed to do the above. Thanks / Maya.
From India, Tiruchchirappalli
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From India, Tiruchchirappalli
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Steps to Rectify TDS Discrepancies
If you have filed the e-return, go to the site. There is a link for rectification. Fill in all TDS entries (total for each agency). You can find the TAN of such agencies in the TDS certificates.
Also, contact agencies whose entries do not appear in Form 26AS, drawing attention to the fact that no entries appear in the form.
Regards
From India, Pune
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If you have filed the e-return, go to the site. There is a link for rectification. Fill in all TDS entries (total for each agency). You can find the TAN of such agencies in the TDS certificates.
Also, contact agencies whose entries do not appear in Form 26AS, drawing attention to the fact that no entries appear in the form.
Regards
From India, Pune
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Thanks for your reply. I tried the rectification process on the IT website. The following options (as enclosed) were displayed on the screen. When I selected the first option, it allows rectification of only 10 company entries. However, we have 15 entries that need to be rectified in the list. I have one more doubt: do we need to feed all the clients' TDS lists, or only the rectifiable clients' TDS lists? How should we feed the entries? Please help us. An earliest reply would be greatly appreciated.
Thanks,
Maya.
From India, Tiruchchirappalli
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Thanks,
Maya.
From India, Tiruchchirappalli
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