CAN 16A OF LAST YEAR BE TAKEN AS TDS IN NEXT FIN YEAR

This query is : Resolved

sumeer mathur (Querist)
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04 October 2010 HI ALL

SOME OF OUR CLIENTS HAD DEDUCTED OUR TDS BUT HAS NOT ISSUED US FORM 16A IN THE FIN YEAR 2008-09,AND WE HAD NOT TAKEN THE CREDIT OF THE SAME WHILE FILLING RETURN OF 2008-09.
CAN WE TAKE THE BENEFIT OF EXCESS TAX CREDIT APPEARING IN 26AS FOR THE YEAR 2008-09 WHILE FILLING THE I TAX RETURN FOR THE YEAR 2009-10.

REGARDS

SUMEER MATHUR

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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04 October 2010 yes... you can ..

but only if.... the corresponding income is also recognized in FY 2009-10.

sumeer mathur

sumeer mathur (Querist)
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04 October 2010 but the sales/consultancy bills agianst those tds has already been taken during the year 2008-09,so how can we take the same again in 2009-10.

Parveen Bansal

Parveen Bansal (Expert)
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06 October 2010 Revise tax return for 2008-09

Dhaivat Trivedi

Dhaivat Trivedi (Expert)
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11 October 2010 u can take credit in 09-10

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