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Dec 01, 2021
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New income tax portal errors resulting in reduced tax refund amounts for many
Have you received lower amount of tax refund than what you had claimed while filing your income tax return (ITR) for FY 2020-21? If yes, then you are not alone; several tax return filers this year have had their bank accounts credited with lower tax refund amounts. This is because the new income tax portal has not considered/taken into account the full tax credit available in the Form 26AS for these tax return filers.
The reason stated by the income tax department in the intimation notice for giving less tax refund than claimed is: Form 26AS does not contain/contains partial amount of TDS with respect to the TAN mentioned in schedule TDS 1/TDS 2/TCS.
However, the TDS amount claimed by these ITR filers is equal to the amount showing in their respective Form 26AS. Form 26AS is itself downloaded from the income tax portal. It appears that data shown on one section of the portal is not in sync with/ not being taken into account fully by the processing software.
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