For A.Y 2009-10, if we receive TDS certificate from customers after filing Return of Income what will be the consequence. 1.Can we take credit of TDS for A.Y 2010-11? 2.Should we file revised Return considering the TDS?
28 December 2009
If the related income has been included in return for AY 2009-10 and the TDS certificates are received subsequently and the credit for TDS is not granted by the AO, then you can go for amendment under section 155(14) within 2 years from the end of the assessment year i.e by 31--03-2012
29 December 2009
TDS credit is to be claimed in the year in which the related income is offered for tax irrespective of the year in which the tax is deducted. Hence when the income on which tds is deducted is offered then the tds credit can be claimed....
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