Regarding claiming of TDS Tax without verification with Form 26A (statement) from Income Tax Department is valid or not. On this issue the Income Tax Department has issued instruction vide there instruction No. 1/2012 dated 02.02.2012 and amended by instruction No. 4/2012 dated 25.05.2012. These instruction is applicable for Assessment Year 2011-12. In these instructions TDS claim can be accepted for ITR 1-6 where difference between the TDS claim and matching TDS amount reported in Form 26AS data is up to Rs 1,00,000 /- But now these instructions has been amended and amount has been reduced to Rs 5000/- after reducing this amount to Rs 5000/-,it is likely that no body can avail the benefit of these instruction. So we recommend all to please go through your form 16, Form 16A , Challan and Form 26AS before filing your Income Tax return for AY 2012-13 also.
SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - PROCESSING OF RETURNS OF A.Y. 2011-12 - STEPS TO CLEAR BACKLOG - WITHDRAWAL OF INSTRUCTION NO. 1/2012, DATED 2-2-2012
INSTRUCTION NO. 4/2012 [F. NO. 225/34/2011-ITA.II], DATED 25-5-2012
INSTRUCTION NO. 4/2012 [F. NO. 225/34/2011-ITA.II], DATED 25-5-2012
The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard:
(i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification.
(ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification.
(iii) Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed.
(iv) In all other cases TDS credit shall be allowed after due verification.
(i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification.
(ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification.
(iii) Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed.
(iv) In all other cases TDS credit shall be allowed after due verification.
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