DOES TDS CERTIFICATE EXPIRE

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2011 I had invested some pocket money in company fixed deposit . At the time of redemption, even after submitting form 15G , TDS got deducted by the company.

As my annual income is not huge ( very less than one lakh 60 thousand annual ), so filing IT return is not compulsory for me.

Can I hold those TDS certificates until I become CA myself or is there any time limit to claim REFUND ?

Just like a cheque expires after six months from writing it , is there any expiry date for TDS certificates ?

O.D.SHARMA

O.D.SHARMA (Expert)
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27 March 2011 Hi,
TDS certificates are valid for the A Y 's income .These cannot be used in any year & these are not cheques.File the years return & use them.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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27 March 2011 dear frd,
tds certificates are only for claim refunds. if you hold for long time it just like a cheque which cross the time of 6 month or more.. value of cheque is still in but you cannot calim that cheque again.
i.e. if you cross the time of claiming refund,then you cannot claim again. afterthan its complicated

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O.D.SHARMA

O.D.SHARMA (Expert)
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27 March 2011 Hi,
Its not like cross cheque.Cross cheque can be revalidated /NI act is applicable but not for TDS certificates.Don't compare them,