Tds claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 One of my client has deducted TDS on 31-03-2011,and paid in this financial year and I am filing ITR how to treat the TDS.
should I claim the TDS in last year or in this year?

Amit Jain

Amit Jain (Expert)
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06 February 2012 Check your AS26. You can view this through your bank account also. If the person has deposited and given credited in 2011 itself, then claim the credit. Alternatively check in 2012. If you do not see the credit you need to check with the client

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 I checked my 26AS the TDS is there but he paid me in Nov now if I claim then correspondigly my income will rise I am in 30% slab.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 February 2012 TDS need to be claim in which year the related income is declared. in your case even though deductor paid in November, but TDS related to 31.3.11 means, you need to claim in financial year 2010-11 only. please check Form 26AS view through assessment year, incase deductor filed the TDS as AY-2012-13 then you can claim current financial year as 2011-12, if deductor file Assessment year 2011-12 then you need to claim as financial year 2010-11. please check the same