How to Resolve Error Code 202 in ITR Filing
Error Code 202 is a common issue faced during Income Tax Return (ITR) filing, indicating a discrepancy between the income stated in the ITR and the TDS credits displayed in Form 26AS. Here’s a detailed guide on resolving Error Code 202 in ITR filing:
Understanding the Discrepancy
Error Code 202 arises when the total receipts indicated in the ITR under all income heads are lower than the gross receipts shown in Form 26AS. This suggests that certain receipts for which TDS credit is claimed have not been fully reported as income in the ITR.
Steps to Resolve
- Accuracy of Income and TDS Credits: Ensure that all income detailed in Form 26AS is correctly recorded under the appropriate income categories in your ITR.
- Correct Reporting of Receipts: After claiming TDS credit, ensure that the receipts are accurately reported in your ITR.
- TDS Credit on Advances: TDS credit on advances cannot be claimed in the same year and should be carried forward to the following financial year.
- Filing a Revised Return: If necessary, file a revised return by attaching all receipts as per Form 26AS or by claiming TDS as per Rule 37BA of the IT Rules.
- Making Corrections: After the required corrections, submit the revised return on the income tax department’s e-filing portal.
- Communication with the Tax Deductor: If the discrepancy is due to an error committed by the tax deductor in Form 26AS, request them to rectify the mistake.
- Timely Submission of Revised Return: To rectify ITR errors, it’s crucial to file the revised return before the 31st of December of the Assessment Year.
By following these steps, taxpayers can effectively address Error Code 202 in their ITR filing and ensure accurate reporting of income and TDS credits.
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