Tuesday, 17 July 2012

Due to wrong quoting of PAN, TDS Deduction not Reflected in 26AS Statement then what will do?


The 26AS Statement shows only these details which TDS Deductor deduct the TDS and submit properly return as Q1, Q2, Q3 and Q4.  Mostly Taxpayee confused to show 26AS statement why their TDS Deductions are not shown in 26AS. The data uploaded against any Acknowledgment number can be viewed by the person with the help of Tax Deduction Account Number (TAN) & Acknowledgment Number of the e-TDS return filed. For this, taxpayee have to login at https://www.tin-nsdl.com/ where in the center of the screen, one can click at below PAN, TAN at “e-TDS/TCS filing” option so as to view the “Quarterly Statement Status”. In the Quarterly Statement Status, any one can view the required details by entering TAN &15 digit numeric acknowledgment numbers. The amount, as mentioned by taxpayee in the query, may not have been reflected in your 26AS due to wrong quoting of PAN or mismatch in the Challans entered by the Deductor while filing TDS return Q1, Q2, Q3 and Q4.


In such case, prima-facie it appears that the bank has made the payment of TDS & has also filed the TDS returns, with either taxpayee's wrong PAN or mismatch in the data of Challans paid as a result of which the amount is not getting reflected in Taxpayee's 26AS. Filing the complaint may not conveniently serve the required purpose in such case. Thus the Taxpayee can file the income tax return by just quoting the acknowledgment number of the TDS return. In normal course, the tax credit is abruptly not granted unless & until the same is reflected in 26AS of the assessee. However, the Assessing Officer in such cases can grant the tax credit after verifying the genuineness of the claim. Then the Taxpayee may intimate all the facts & figures to your Assessing Officer & after verification and will surely get the due credit of the TDS amount.

No comments:

Summary of the Input Service Distributor (ISD) Mandate

The document provides an FAQ-style overview of the Input Service Distributor (ISD) mechanism, which will become mandatory under GST regulat...