Itr 4

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2012 If a person doesnot intend to take credit of tds shown in form 26as in his return of income filed electronically ,is there any option asked in itr 4 regarding the same like tds to be taken or not ?

CA. Hari Kishan

CA. Hari Kishan (Expert)
Follow

08 March 2012 I feel if all the income are disclosed by the assessee (covering the income reflected in 26As).. i dont feel the department shall have issue that you have not claimed TDS or not.. its in there interest though.. i would still advise to claim the TDS,,

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2012 @ CA Hari Kishan Thanks for your comments

But i do not want to show the income from F.D.in this year though bank has deducted tds based on accrual and same will appear in 26as . so if i dont take credit of tds deducted and not show such income in current year how can i show such in my current year roi (ITR 4) filed electronically ???

Upgrade to CAclubindia Pro. Subscribe Now!

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

09 March 2012 Do not enter the income and do not enter the TDS amount.

Message likes : 1 times

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

09 March 2012 I think, you may find out the solution from following-

Please Refer -Schedule 2 Details of TDS , 2nd Last Schedule in ITR 4.
.
You may fill up TDS amount in column and put
0 in Column 7 which is for amount Claimed for this Year.
.
You may claim the same in the subsequent year.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2012 thanks for your expert comments Paras sir!

But how would one show such tds credit which was not availed this year in the next year return of income as there is option asked for *(Carry Forward of Tds From p.y.)* in ITR 4 ?

PLEASE ADVICE....