ITR
TDS still missing close to filing
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Facts
CPC gives credit only for TDS in 26AS. If you claim TDS that is not there, the credit will be refused and a demand or lower refund will follow. You can file and rectify later once the credit appears.
Provisions and law
- Sec 199, Income-tax Act 1961Credit for tax deducted
- Sec 143(1)(a) (now Sec 270(2))CPC can adjust the return for mismatches with information such as Form 26AS, after giving notice
- Sec 154 (now Sec 287)Rectification of mistakes apparent from record
Analysis
If the due date is near, file on time to avoid fees, claiming only what shows. When the missing ₹15,000 appears later, file a rectification under Tax Credit Mismatch Correction. Or, if the revised return window is open, revise the return to add the credit. Filing late just to wait for TDS usually costs more in fee and interest.
Conclusion
- Check 26AS one last time before filing
- File claiming only TDS that appears
- Follow up with the deductor for the missing credit
- Rectify or revise once it appears
A Savvy can do this for you
Pre-filing reconciliation of AIS, TIS, 26AS and Form 16
₹999
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