tds

This query is : Resolved

kunal sachdeva (Querist)
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25 August 2010 we have recd a tds certificate from a party
but the tds amt does not reflect in form 26 as.
plz tell me can we take credit, or there is some procedure we have to follow to take credit
thanks in advance

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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25 August 2010 YOu should meet with deductor with copy of Form 26AS and request him to revise return.

For the time being, you have to take credit of it in ITR and follow up with deductor to revise it.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 August 2010 with out 26 AS view TDS cannot be credited in your PAN. 2 Reasons possible

1. Deductor not filed the TDS return
2. If filed TDS some mistake in TDS return

Ask Deductor to file or correct the filed return to take TDS credit

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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25 August 2010 If the TDS payment details are given in the TDS certificate, then the only possibility is that the party has not mentioned your PAN number correctly in his tds return,

verify the same & tell him to file the correction statement.