Vasudevapuram Street, West Mambalam, Chennai.
Vasudevapuram Street, West Mambalam, Chennai.

For those who seek refund of excess-paid Income Tax, can heave a sigh now, that the IT department has taken an additional initiative of mailing the TDS statement as furnished by the concerned tax deductor. This is to let the person (who claims the refund) to check whether the TDS certificate contains true particulars. If there is a mismatch in details, he / she can immediately contact the concerned tax deductor to rectify the details and to furnish the revised statement to the IT department.

Following example explains the above point:

Suppose, if A is a salaried employee with XYZ Ltd and he claims a refund of tax which was excess-recovered and remitted by XYZ Ltd during a particular financial year. Now, the IT department will send the TDS details (which were furnished by XYZ ltd to IT department) to A for verification. If A finds any discrepancy, he can immediately contact XYZ Ltd for rectification. Through this, the IT department will be able to process the refund cases quickly (hopefully).

Here’s the sample letter which IT department e-mailing to people who claims refund:

Directorate of Income Tax (Systems)
New Delhi

Dear Tax Payer,

Subject: Tax Credits available in the Annual Tax Statement for A.Y.2008-09

  1. The Income Tax Department (ITD) has started transmitting the Annual Tax Statement of taxpayers as a part of its citizen centric exercise. The object is to give you feedback regarding the tax credits as reported by the tax deductors/collectors besides showing taxes deposited by way of self assessment tax, advance tax etc.  This statement is also relied upon by the ITD while giving tax credit at the time of processing of the Income Tax returns. The procedure for creation of this Annual Tax Statement is in accordance with section 203 AA of the I.T. Act, 1961 or the second proviso to sub section (5) of section 206C of the I.T. Act, 1961.
  2.    The purpose of undertaking this exercise is to ensure that the tax credit available is   complete, correct and up to date. Your Annual Tax Statement for A.Y. 2008-09 (Financial Year 01.04.2007 to 31.03.2008) is enclosed herewith. The tax credit reflected in such statement may increase or decrease in case the deductor revises the information/updates the information or files the TDS returns after finalization of Form 26AS (Annual Tax Statement).
  3.    In case of missing entries or entries against which ‘unmatched’ is indicated, you are advised to contact your deductor immediately and ascertain whether the deductor has either

    I. erred in quoting the correct PAN or not quoted your PAN; or
    II. not filed the TDS return; or
    III. has not paid the required TDS to Government account

    3.1  In such a case, you may approach the deductor and persuade the deductor to rectify the deficiencies. Kindly note that the tax statement will be the basis for giving you tax credits. Hence, absence of tax credit will bind the Officer to adhere to the tax credit available.

  4.   Tax Credits appearing in the Annual Tax Statement are on the basis of the details given by the deductor in the TDS/TCS statement filed by him. The same should be verified before claiming tax credit and only the amount which pertains to you should be claimed.
  5.    From the current financial year onwards you can also view your tax credits by undertaking a one time registration. Detailed procedure for registration is available and
  6.    To open the statement, please enter the date of birth in case of individual tax payers and the date of incorporation for non-individual tax payers as password in the format of DDMMYYYY. For example, if your date of birth / incorporation is January 1, 1985 then the password will be 01011985.

    6.1 The date of birth / incorporation should be same as furnished to the Department and available in the Income Tax Department PAN master (as printed on the PAN card).

    6.2 To open the file all you need is Adobe Acrobat Reader version 5.0 or above. If you do not have Adobe Acrobat Reader, please click on this to download. Please note that you will not be able to open this file or view the file properly with any version lower than Adobe Acrobat Reader 5.0.

  7.    For queries on the issue you may contact TIN Call Centre at

    Tel.: 91-20-2721 8080
    Fax: 91-20-2721 8081

Post Author: jbadmin

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