Tds credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
TDS has been deducted for FY 2010-11. But we did not take such credit in FY 2010-11 and took such credit in FY 2011-12.
Department issued intimation U/s 143(1) and a liability of such credit was shown by the department.
What can be done to take such credit?
Department issued intimation U/s 143(1) and a liability of such credit was shown by the department.
What can be done to take such credit?
02 September 2013
it is very harmful if you don't know how to take credit by rules or act. yes dept. is right. tax credit for F.Y. 2010-11 could not take in F.Y.2011-12. you have to pay that raised demands.
for F.Y. 2010-11 less claimed tax credit you have to contact your A.O for resolve.
for F.Y. 2010-11 less claimed tax credit you have to contact your A.O for resolve.
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
In case i have TDS credit of FY 2011-12, can i adjust such....?
02 September 2013
you can adjust TDS credit of F.Y. 2011-12 with F.Y. 2011-2012 tax liability and excess amount will be payable and you have to pay as per demand raised.
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