May 16, 2024

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I’ve paid revenue tax however web site reveals excellent dues. What to do?

2 min read

Income taxes are duly paid by me for AY 2018-19 however an excellent demand of ₹4,560 is proven in my account of revenue tax web site. I’ve by no means obtained any discover relating to this. Please advise me, what ought to I do now? 

The particulars furnished by you might be insufficient however with the obtainable data I’m trying to reply your question. There could also be two causes for such demand. It could also be both as a consequence of variation between the revenue returned by you and as decided by the tax division. Or it could be as a consequence of decrease credit score of taxes paid in your behalf. 

Please confirm the copy of the ITR filed by you. An error might need crept in whereas submitting your ITR on-line, which was not apparent while you filed it. Since it’s computerized course of, the likelihood of there being an error within the return in all fairness very excessive than there being an error in calculation on the a part of the revenue tax division. You can request for intimation for the above evaluation yr which has particulars of revenue returned by you and as decided by the revenue tax division. 

If there isn’t any distinction within the revenue returned by you and as computed by you then there’s excessive likelihood of correct credit score for TDS and or advance tax paid by you being not given. This could occur as a consequence of numerous causes. For ascertaining the distinction between tax credit score claimed by you and allowed by the tax division I might advise you to entry your Form No. 26AS on-line in order to confirm this side. I might advise you to take assist of a certified tax skilled that can assist you type out this downside. I might even advise you to take assist of an expert even for submitting of your revenue tax return (ITR).

Balwant Jain is a tax and funding professional and may be reached on jainbalwant@gmail.com and @jainbalwant on Twitter.

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