Tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 sir,
In filing ITR-4 while claiming tds...
what does "amt being carry forward " and "in own hands" means?
plz reply fast if anybody available ..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2014 In own hand means amount claimed by assessee during current year which has been deducted from his out of Brought forward or current year TDS. Carry forward will come into picture when TDS is being carried forward. For example TDS deducted on advance for which income will be offered in next year TDS can not be claimed in current year and the TDS amount needs to be carried forward.

TDS to be claimed in the same year in which Income has been offered for Tax.

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 Thanxx sir...for your valuable reply...
that means I should only feed the TDS amt. in "in own hand" and rest of the columns will be zero..

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2014 You need to feed the amount of TDS deducted from you during current year under "TDS of the current fin. Year" and then in own hands you need to feed the amount which you want to claim in the year for which return is being filed.

So if you are claiming the entire TDS amount then you need to feed the same amount in "TDS of the current fin. Year" and then "in own hands".

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 Thank you sir....very much...