Tds tax credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2013 IF TDS DEDUCTED IS RS 100 AND TDS DEPOSITED IS RS 200 OF WHAT AMOUNT WOULD I GET TAX CREDIT OF RS 100 0R 200

Sumit Grover

Sumit Grover (Expert)
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03 May 2013 Credit of TDS is taken by the deductee (& not the deductor) at the time of finalisation of his tax liability.
The amount which has been shown as deducted in Form 16A issued by Deductor & form 26AS is to be taken as credit.
So, you need to check which amount has been shown by deductor in Form 16A & form 26AS
and accordingly you can take the credit of the same.

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2013 That was not the question i wanted to know what amount would be shown in 26AS if Rs 100 is deducted and Rs 200 is paid and vice-versa

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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14 June 2013 The expert has given you correct answer. If in your account 100 has been credited then 100 and if 200 has been appearing then 200. Now, since the TDS credit is allowed on the basis of 26AS the question of claiming and allowing does not arise. Whatever is appearing in 26AS will be allowed. So you should claim as per the amount appearing in 26AS