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July 13 To July 19, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 18Q 43. I have claimed tax refund by filing
income-tax return but my refund claim
failed as I have mentioned incorrect bank
account number. How can I submit correct
bank account number to claim tax refund?
You can submit your correct bank account
number after selecting an option of refund
reissue. Procedure to apply for refund reissue
is outlined hereunder:- Login to https://incometaxindiaefiling.
gov.in - Go to ‘My Account’ and select ‘Service
Request’. - Select Request Type as ‘New Request’
and then choose ‘Refund Reissue’ under
request category. - Update bank account details.
- Click on submit button.
Q 44. My employer did not deduct tax from
my salary income. Whether in such case I
am liable to pay tax on my salary income?
TDS is only a mode of early collection of
tax. The ultimate liability of paying taxes is
on the person earning income and, hence, if
employer fails to deduct tax, then it is the
liability of the employee to pay the tax on
the same. Further, if employer has deducted
less tax, then it is the liability of the em-
ployee to pay the balance tax.
Q 45. Mr. X has paid taxes during the
financial year. Is there any mode through
which he can verify the tax payments?
Form 26AS is the statement of tax credit
which enlists the details of taxes deposited
or credited on account of taxpayer during the
financial year. Those taxes can be in form of
TDS, TCS, Advance-tax and Self-assessment
tax. Thus any taxes paid or deducted on
your behalf can be verified from Form 26AS.
Q 46. How to proceed in case of TDS mismatch?
Even if credit for TDS as claimed in the re-
turn matches with the balance appearing in
the Form 26AS, Assessing Officer may raise
a demand for payment of differential amount
due to TDS mismatch. The reasons for such
difference could be as under:
1. TAN of deductor was wrongly mentioned
2. Name of deductor was not spelt out
correctly
3. Tax deducted by one deductor was wrongly
included in the amount of tax deducted
by another deductor- In case of such TDS mismatch, an asses-
see can file a rectification request in the
following manner:
(a) Login to your account in https://
incometaxindiaefiling.gov.in
(b) Go to e-File > Rectification request
(c) You need to fill up the following
details:
u PAN
u Return to be rectified
u Assessment Year
u Latest Communication Reference
Number issued under section
143(1)/154 (it starts with CPC/
Assessment Year/)
FAQs ON INCOME-TAX RETURNS FOR ASSESSMENT YEAR 2019-