11 June 2013
Hi, Myself Adarsh Matta, CEO of an Executive Search Firm, i want to confirm that if our deducted TDS amount is reflecting in 26AS, is it necessary to collect TDS certificate also for claim the deducted amount,or 26AS is suffice to claim the TDS amount, kindly advise...
Its noy mandatory, however you should collect the same as a proof to prove its not wrongly credited in your account & ITO may ask during scrutiny cases.
It is mandatory to collect TDS certificates because our ITR instructs us to provide TDS details in ITR as per FORM-16,FORM-16A.
However income tax return will be processed as per TDS credit shown in Form 26AS.
So You need to ensure that whether you have collected tds certificates for the full amount deducted on your payments and the same was properly shown in form 26AS.
TDS certificates are the valid proof for TDS deducted so keep it safe for future reference.
However you can file ITR if total amount deducted was properly shown in 26AS..after then collect TDS cerificates and keep it safe.
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