Sir,
one of my client who registered himself as an assessee during the FY 2019-20.
his TDS has been deducted by a company under second 194C since last 5-6 FY
as he is not aware he didn't claim and register earlier
how can he claim his refund for past years?
15 Replies
Narahari Palepu
(32 Points)
Replied 18 November 2020
Yes , he can claim past year's tds. but corresponding reciept should be considered in turnover
ayusmita
(Tax consultant)
(5885 Points)
Replied 18 November 2020
Yes he can
but you to cross verify if he has no tax payable in that years then claim by filling XML with year
but you to cross verify if he has no tax payable in that years then claim by filling XML with year
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 18 November 2020
No, he can not claim TDS for past years
queryinsta054@gmail.com
(234 Points)
Replied 18 November 2020
Sec 119 allows an assessee to make claim for refunds, carry forward of losses etc. for 6 years from end of the assessment year to which the claim relates. An application is to be made before the Pr. Commissioner or Commissioner of Income Tax. But to claim benefit of this section, there should be circumstances beyond the assessee's control due to which the claim could not be made.
vikram chouhan
(131 Points)
Replied 18 November 2020
Whether an assessee can claim refund past years in ITR for the AY 2020-21 as he is not aware of filing before n claim refund.
queryinsta054@gmail.com
(234 Points)
Replied 18 November 2020
Past years TDS claims cannot be taken in return of AY 20-21.If the same is done, then the TDS as per Form 26AS will differ from TDS claimed in the return and the IT dept. may issue notice
ayusmita
(Tax consultant)
(5885 Points)
Replied 18 November 2020
As I says above you have to cross verify those years he has coming under nil return or taxable return
If non taxable return then claim it by filling XML
Go to tds page
Choose the year for which you have tds fill it
Simillar way do rest
But first coloum you have to fill current year tds
As per the rule a person can make an application for condonation of delay for any financial year ending 31-03-04 to claim refund or carryforward losse
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 19 November 2020
@ queryinsta
Agree with your reply
can not claim TDS claims of past year in AY 2020-21
Agree with your reply
can not claim TDS claims of past year in AY 2020-21
ayusmita
(Tax consultant)
(5885 Points)
Replied 19 November 2020
Nothing will happen if you follow the rule n regulations procedure correctly and can claim those tds
Telling you as have partical experience
I filled those types of return in my training period
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 19 November 2020
How can you claims in Current F.Y. without showing income earned in past years
Not possible
Not possible
ayusmita
(Tax consultant)
(5885 Points)
Replied 20 November 2020
No need to show income of past year in current year
you will fill itr in XML mood with current year income and expenses and Deduction
when comes to the section tds fill first coloum with
current figure with year
latter the past year with the income on which it deducted and how much deducted and for which year you claiming
as the approval of AO of delay condonation request is accepted and letter of acceptance given as per cross verify that no taxable income is their by the person as per tax slabs
if he has taxable income then there's is certain rules and regulations for claiming
you will fill itr in XML mood with current year income and expenses and Deduction
when comes to the section tds fill first coloum with
current figure with year
latter the past year with the income on which it deducted and how much deducted and for which year you claiming
as the approval of AO of delay condonation request is accepted and letter of acceptance given as per cross verify that no taxable income is their by the person as per tax slabs
if he has taxable income then there's is certain rules and regulations for claiming
vikram chouhan
(131 Points)
Replied 20 November 2020
How to file condonation request for claiming past year tds
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 20 November 2020
You first need to file condonation request to ITD if your request accept then you file all pending returns and claims TDS
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