TDS

This query is : Resolved

DAMODAR (Querist)
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28 December 2009 Hello,

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?

Awaiting your reponse.

Thanks.
Damodar

Aditya Maheshwari

Aditya Maheshwari (Expert)
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28 December 2009 If income shown in A. Y. 2009 - 10 then file revised return. Otherwise take claim in next year

Barun Kumar Ghosh

Barun Kumar Ghosh (Expert)
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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

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DAMODAR

DAMODAR (Querist)
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28 December 2009 BUT IS IT POSSIBLE TO TAKE CLAIM FOR NEXT YEAR WHEN THE TDS CERTIFICATE PERTAINS TO PREVIOUS YEARS

Barun Kumar Ghosh

Barun Kumar Ghosh (Expert)
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28 December 2009 TDS credit is to be climed in the for the assessment year in which the related income is offered for tax.

Sudhindra

Sudhindra (Expert)
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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....

DAMODAR

DAMODAR (Querist)
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31 December 2009 Thank you experts