i have received a demand u/s 156 under which i have to pay some x amount . The demand is raised under regular assessment but in the income tax computation form i their i have not received a credit of full amount of tds . whereas i have already filed rectification u/s 154 and its also reflecting in 26AS
My question is that can i ask A.O to adjust the same against the Tds amount and balance to refund.
Individual Faces Demand Under Section 156 Despite TDS Credit Issue; Advised to Respond With Previous Rectification Details An individual received a demand under section 156 to pay a certain amount, despite not receiving full credit for TDS in their income tax computation. They had already filed a rectification under section 154, which is reflected in Form 26AS. The individual inquired whether they could request the Assessing Officer to adjust the demand against the TDS amount and refund the balance. A chartered accountant advised them to file a response complying with the demand, including a copy of the earlier application, noting the challenges faced due to unaddressed rectification applications. (AI Summary)
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