Clarification Pls

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Hi I hav a small clarification, one of my friend who is a contractor he has received the payment after deducting TDS @ 2% for the Financial 2008-2009 ( A.Y 2009-2010) he is having a TDS amount of Rs 32562 approx.

On 31st July 2009 his income tax returns has been filed but he has not provided the information about TDS in his returns and has not claimed any set off against tax payable or any refund.

Whether the TDS amount which is already deducted but not claimed can be cliamed now i.e for the A.year 2010-2011. He has TDS for the F.Y 2007-08 can that also be claimed now ? pls suggest me in this regard.

Thank you

Replies (5)

You will have to file a revised return for the  respective years ended 31/3/ 2008 and 31/3/2009 and claim the TDS adjustment / refund.

This assumes that assessment has not been completed.

The TDS of prior years cannot be claimed in the current year.
 

You will have to make a revised return if the assessment is not over for both the years. TDS has to claimed for the year to which the income is related.

Dear Abhiram

the way is only to file revised return.... of that year

 

 

Regards

Thanks to all  for sharing the information. I would like to know is there any time limit for filing revised returns ? can i file the returns of both the years now ?

Time Limit of Revise Return as Under.

One year from the end of relevent A. Y. or

Before the Assessement which ever is earlier


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