Steps to Resolve TDS Mismatches While Filing Income Tax Returns

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If you’re filing your Income Tax Return (ITR) and notice that the Tax Deducted at Source (TDS) data is not matching, it’s important to address the discrepancy promptly. Here’s what you can do to resolve this issue:

Steps to Follow If TDS Data Is Not Matching

1.     Verify Form 26AS:

  • Access Form 26AS: Download your Form 26AS from the TRACES portal or through your net banking account. This form shows the TDS deducted and deposited by various deductors.
  • Compare Details: Cross-check the TDS details in Form 26AS with the TDS certificates (Form 16/16A) issued by your employer or deductor.

2.     Check TDS Certificates:

  • Accuracy: Ensure that the TDS certificates provided by the deductor are accurate. Sometimes, there may be clerical errors.
  • Contact Deductor: If there is a mismatch, contact the deductor immediately to rectify any mistakes in their TDS returns.

 

3.       Verify PAN:

  • Correct PAN: Ensure that your PAN is correctly mentioned in all your TDS certificates and in the records of the deductor.
  • Update PAN: If the PAN is incorrect, request the deductor to update their records and file a revised TDS return.

4.    Revised Returns by Deductor:

  • Request Revision: If the deductor has made an error in filing their TDS returns, request them to submit a revised TDS return with the correct details.
  • Follow Up: Regularly follow up with the deductor to ensure the revised return is filed and processed by the tax department.

5.       Filing ITR with Mismatch:

  • Claim TDS as per Certificates: While filing your ITR, claim the TDS amount as per your certificates.
  • File ITR and Await Processing: File your ITR with the TDS details you have. The Income Tax Department will cross-verify the details with Form 26AS. If discrepancies are found, they may issue a notice.

6.       Respond to Notices

  • Rectification: If you receive a notice from the Income Tax Department regarding the mismatch, respond promptly with the necessary documents to support your claim.
  • Correction: File a rectification request under Section 154 to correct any mistakes in your ITR.

For more detailed advice, book an appointment with our consultant at www.realextax.com.

 

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