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Claiming of tds deduction of old years

HARSH (STUDENT) (524 Points)

28 August 2014

HIII

I WANT TO ASK THAT ONE OF MY PARTY IS FILING INCOME TAX RETURN FOR FIRST TIME AND HAS DEDUCTION IN THE OLD YEARS ALSO SO CAN I CLAIM TDS DEDUCTION OF OLD YEARS AS PER FORM 26AS IT HAS TDS FROM AY 09/10 IN EVERY YEAR SO CAN I CLAIM THE DEDUCTION FOR ALL THE YEAR.

AS I WAS FILING ITR FOR AY 13-14 SO PLEASE HELP ME IN THIS MATTER

FRIENDS PLEASE REPLY SOON AS I HAVE TO FILE INCOME TAX RETURN BY TOMORROW

THANKING YOU

HARSH

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10 Replies

CA Sanket Gujar (Professional) (74 Points)
Replied 28 August 2014

I think in itr for ay 13-14 there is no option to claim tds of earlier years If you file itr for 14 -15, you can show it in tds details however I think it will be not for too old tds

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HARSH (STUDENT) (524 Points)
Replied 28 August 2014

We are ok if we file it in ay 14 - 15 but can we show tds of all old years or what it is from ay 9-10 onwards

CA Goutam Sharma (Chartered Accountant in Practice) (468 Points)
Replied 29 August 2014

for claiming tds of prior year, your income too should have income of prior year logicaly. secondly you can file itr of two years at any point of time. so accordingly you cannot claim it. however you have an option to apply to commissioner and if he order, a scrutiny assessment will be made and you will be refunded your tax if the income of your previous year is found to be below threshold limt. However if tds is marginal then leave the issue as assessment itself will be full of hassles

Anubhav (Chartered Accountant) (429 Points)
Replied 29 August 2014

Hi,

Since first time filing return, no credit of past years tds deducted.

But currently file return for AY 13-14 and 14-15. for claiming credit for these two years.

In case you recieve any notice of past years then only you will be able to take credit of such deductions.

For any further query pm or mail us.

AJH & CO.

info @ ajhco.in

HARSH (STUDENT) (524 Points)
Replied 29 August 2014

Thanks sanket, anubhav and goutam for your replies

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rangaswamy j (ca) (25 Points)
Replied 31 August 2014

Relavent Income for which Tds is claimed has to be shown in the return for claiming previous year TDS

CA Gaurav Goyal (CA) (86 Points)
Replied 06 September 2014

In the ITR(Java Version) available on Incometax site, there is an option of carry forward of previous years TDS which can be claimed in this year. Cant that be used to claim all back years TDS?