What went wrong ?
I had been transfered two times during previous year. Form 26AS clearly shows the details of tax deducted by all three employers alongwith other deductions. This details must match with records uploaded in income tax return. However, I forget to mention these important details such as TAN number, Name, Amount paid and Tax deducted by two previous employers.
What to do if there is Mismatch in ITR1 with Form 26AS ?
Scenario-1
It makes sense to pay net amount against Demand Identification No (DIN), if Tax mismatch is only due to interest payable or you agree to the Tax demand.
In both cases, just pay the tax and relax.
Scenario-2
In case you find some error in the calculation sheet or mistakes apparent in records, you can file a rectification request online or should consult a qualified CA or good tax expert for further action.
Given below is a manual from Income Tax official website, howeve it lacks some screenshot during the process and checking status after request submittion.
http://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Rectifcation_Manual.pdf
Rectification request can be raised after ITR is processed and intimation U/s 143(1) or order under section 154 is recieved by the taxpayer. Request for efiled return can be only be submitted online.
Step-by-Step process to raise a rectification request :
Step-1 Log-in with your E-Filing credentials at Income Tax eFiling website.
Step-2 Navigate to Menu item e-File > Rectification as shown below:
Step-3 Enter PAN, Income Tax Returns , Assessment Year and CRN**
**Communication Reference Number is avialable in intimation U/S 143(1).
Step-4 Select Rectification Request Type >
Option -1_ Taxpayer is Correcting Data for Tax Credit mismatch only
Select this option if you tax mismatch is due to a mistakes in TDS on Salary or Other than Salary and Self Assessement Tax (SAT) details. Here, you can add additional details for previous employers if forget to mention in return.
'IT Details' check-box is provided for correcttion in BSR code, Serial number of Challan , Date and amount of Tax deposit.
Option -2_ Taxpayer is Correcting Data for Rectification
Tax payers can raise a request for rectification in data under specific schedules after selecting an appropriate reason from a given list of 22 items as applicable to in your case.
In that case, tax payer has to select a reason from amon the listed 22 items, as well as needs to upload a revised xml file with selected schedule for data rectification.
Next, you need to select upload a select 'Schedules to be changed' and Upload a revised xml file.
Option-3. ‘No further Data Correction required. Reprocess the case’.
Lets get back to our original topic of Tax mismatch due to incorrect or mistakes in TDS filiing.
Step-5 Enter new data to correct mismatch.
Always keep in mind the following important points given in 'Intimation U/S 143(1) while entering data in the rectification request :
"Please note, before filing for rectification, cross check the tax credits information furnished by you with the Form 26AS."
"Please note that while filing rectification application all details of tax payments of that schedule have to be filled (including those which have also been already matched and allowed). As the new data overwrites the earlier data, any omission of tax payment data will result in disallowance of that of tax payment which is not entered. Kindly ensure that the claims are correct and appear in Form 26AS."
Step-6 Submit request and confirm 'OK' to the warning message.
Step-7 Confirmation email with Rectification request Receipt would be sent to registered email Id.
Step-8 Checking status for Rectification request.
Navigate to My Account > View e-Filed Returns/Forms > Rectification Returns in drop down menu > Submit.
Step-9
Taxpayer has option to witdraw rectification request within 3 days after submittion, if some incorrect information has been submitted. It is given on the rectification status page.
Rectification Order U/S 154 is sent to tax payers through email as well as a hard copy delivered at their communication address after it is processed by income tax dept.
Do not panic, to see an email with subject line that reads as "Intimation U/S 154 for PAN ARTxxxxx1M AY:2017-18" .
Tax demand/Refund is generated after the consideration of rectification as sent earlier. Refund will get credited to your account however, if there is a tax demand than you need to pay it as advised.