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non credit of tds made by bank in the intimation made u/s 143(1) & 154

TDS made by ICICI Bank and United Bank of India on interest income  verified from 26 AS and Return submitted for the A.Y. 2014-2015. Asssessed and intimation u/s 143(1) received by me wherein tds made by bank not considered as the same was not available in the server and as a result demand arose. Rectification petetion made u/s 154 online by selecting rectification request and by selecting " No further data correction required, reprocess the case". But I regret rectified order u/s 154 obtained but still no credit of the tds made by bank was given in the order .

Sir, please tell me what steps are required to be taken in this respect?

regards,

 

B.P.Bose

Cost Accountant



By: BANDHU PRASAD BOSE

Dear B P Bose,

There are few general reasons for declining the TDS by Income Tax CPC Department. e.g.

1) Wrong TAN mentioned in your ITR-TDS schedule against respective TDS.
2) TDS entry is not final in 26AS. Please ensure the flag "F" is there in your 26AS against respective TDS.

So, Please check whether there is any reason out of the above or not.

If everything is ok, then Income Tax Department cannot deny the TDS credit. You may approach AO for the same as well.

If you have any question, Pl post the same.

Kind Regards
TaxReply.com



By: TAXREPLY.COM
In case there is error in TAN while submitting ITR simply file 154 with corrected TAN. If TDS is not appearing in 26AS than you need to get the tds return revised from the bank.

By: PRAVESH GOEL


By: RAMESH BHUVANAPALLI



706150
 
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20 Apr

☑ Monthly | GSTR-3B

GSTR-3B for the m/o Mar 2024 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.

☑ Monthly | GSTR-5A

GSTR-5A for the m/o Mar 2024 [Return by OIDAR Service Providers - Rule 64.]

22 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States.

* State Category I - Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

24 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States.

* State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

25 Apr

☑ Half-Yearly | ITC-04

ITC-04 for the half year (Oct - Mar 2024) (For taxpayers > 5 Cr. Turnover) - Rule 45.

☑ Annual | ITC-04

ITC-04 for the FY 2023-24 (For taxpayers upto 5 Cr. Turnover) - Rule 45.

28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)