Tax Credit Mismatch

What is Tax Credit Mismatch issue?

Tax Credit refers to the tax deposited into the government's treasury through methods such as Tax Deducted at Source (TDS), Advance tax, Self-assessment tax, etc. When there is a mismatch between the 'TDS' or 'Tax paid' claimed in the tax filing and the amount reflected in government records like Form 26AS or AIS, it is termed as tax credit mismatch.

In such cases, an Intimation or Notice would be issued by the Income-tax Department, generally in the form of Intimation 143(1), requesting the assessee to provide the reason for mismatch.

How to check if you have received an Intimation/Notice having Tax Credit Mismatch?

Here is a step-by-step guide on how to check if you have received an Intimation/Notice for Tax Credit Mismatch.

1. Login to Income-tax portal: https://eportal.incometax.gov.in/iec/foservices/#/login
   
2. After logging in, click on "Services" option in the top menu and then click on "Tax Credit Mismatch" from the dropdown.
   
   
   
3. This will display the "Tax Credit Mismatch" screen. Choose the "Assessment Year" from the drop-down and then click on "Submit"
   
   
   
4. This will display the Tax Credit Mismatch (if any) for the assessment year.
   

How to rectify Tax Credit Mismatch?

If you have received an Intimation/Notice for Tax Credit Mismatch, it is recommended to get assistance from a Tax Expert. Please visit myitreturn.com/notice-assistance or WhatsApp us at +91-9113783671 for assistance.

Alternatively you can click on the link here to learn more about how to file rectification for tax credit mismatch issue.