Tds credit?


This query is : Resolved 

(Querist)
22 February 2013
Hi,

TDS has been Dedcuted for the FY 2011-12 but Not taken into account as certificate was not avilable

Can the same be taken into account and taking tax credit the the FY 2012-13 ?

swasti (Expert)
23 February 2013 The credit of the tax must be reflecting in 26AS if the deductor has correctly deposited & filed the TDS retun. So if you have not claimed it, the return should be revised. Credit for a year in case of TDS cannot be carried forward to next year.

AMIT (Querist)
23 February 2013 Hi,

1. Same is Refelected in 26AS
2. TDS has been deducted in the FY 2011-12 But Payment (Principal + intt) was received during the current FY, TDS benefit can be taken ?

@VaibhavJ (Expert)
23 February 2013 HI

No, you can not claim. To claim you have to revised previous year return.

Thanks!!


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