05 August 2011
Can I claim TDS in my income tax return if the Income is accrued to me however no TDS was DEducted over such income? (income was liable to Tax)Assuming the same would have been deducted.
however in the subsequent year the Income and TDS deducted thereon would not match if the case is of interest on any Fixed Deposit [deposit period one year]. I accept TDS amount will reflect in the form 26AS in the following year.
07 August 2011
IYou can claim the TDS only in the year in which it is deducted. It can not be carried forward, either it will adjusted against current year tax payable or it will be refunded to you but it cannot be used to settle your tax liability of any other year.
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