Regarding Form 71..
This query is : Resolved
11 December 2024
What is use of form 71?
11 December 2024
Taxpayers can use Form 71 to claim tax credit for income on which TDS has been deducted but not accounted for in their ITR due to timing differences.
A new Rule 134 is inserted after 133 which expresses regarding the Application under sub-section (20) of section 155 about credit of tax deduction at source. The taxpayer must make the application under sub-section (20) of section 155 in Form No. 71.
Refer: https://www.thetaxheaven.com/blog/tds-deducted-in-wrong-fy-income-tax-form-71-will-help-you-to-get-it
A new Rule 134 is inserted after 133 which expresses regarding the Application under sub-section (20) of section 155 about credit of tax deduction at source. The taxpayer must make the application under sub-section (20) of section 155 in Form No. 71.
Refer: https://www.thetaxheaven.com/blog/tds-deducted-in-wrong-fy-income-tax-form-71-will-help-you-to-get-it
11 December 2024
If we forgot to claim TDS of a.y. 2023-24, then form 71 applicable to claim such refund?
11 December 2024
When the TDS was deducted? & when it was credited as per form 26AS?
11 December 2024
In same year, but forgot to claim while return.
11 December 2024
Yes, File form before March 2025.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Receipt of money upon selling Deceased Father's House
- Tax liability on compensation given by builder
- Regarding PPF account guidance
- Export of service and HSN Code
- Surplus TDS U/S 194M
- Regarding Form 71..
- 12A/12AA/80G
- GST on goods sold which will later be exported
- Tax Rate on maturity of ULIP
- Regarding applicability of 20% of outstanding demand
- Is bank account verify small transaction taxable?
- Refund of Tax Paid under RCM
- Probable mistake in tax calculator available at income tax website
- Advance Income Tax Query
- TDS intimitation u/s200A of Income tax Act 1961
- ABOUT INPUT TAX CREDIT AVAILABILITY
- Removal of a director from a company
- Installation & Freight charges is not included on EWay Bill material amount
- GSTR-9 AND ITC REVERSE AND RECLAIM
- Unable to fill Table 12 - HSN - wise summary of outward supplies
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
