Mar-18 pension credited in Apr-18 but TDS deducted as per 26AS for AY 19-20

Harsh (CA student) (157 Points)
Replied 26 August 2018

I think you should claim the credit of TDS in AY 2019-20.

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Satish (Work) (111 Points)
Replied 26 August 2018

I'm thinking on the same lines. BUT:

Then, how to compute total pension for FY 17-18 as pension for Mar-2018 has been shown as Salary Income u/s 192 in 26AS for FY 18-19?

Now, if for some reason, the pension for March-19 is credited before the last day of March-19, then the total pension income as per 26AS for FY 18-19 would be calculated from Mar-18 to Mar-19 and end up paying tax on an extra month!!!

Harsh (CA student) (157 Points)
Replied 26 August 2018

Has March 2017's pension been considered in current AY 2018-19?

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Satish (Work) (111 Points)
Replied 26 August 2018

No.

All previous returns were filed on actual basis since there were no TDS implications back then. Accrued pension from Apr-16 to Mar-17 has been shown in the salary field of ITR-1 for FY 16-17 / AY 17-18 filed before due date and it includes the pension for Mar-17.

Also Mar-17 pension is less tan Mar-18 pension (increase due to pay commision).

Harsh (CA student) (157 Points)
Replied 26 August 2018

If I were in your situation I would show pension income from April 2017 to March 2018 as per pension certificate and claim eligible deductions from 80C to 80U. If still tax would be payable I would pay. And I would deal with TDS of March 2017's pension in AY 2019-20 as it was deducted in April 2018.

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Satish (Work) (111 Points)
Replied 26 August 2018

Took a look at the old a/c statement / ITR / 26AS:

Pension for Mar-17 was credited by SBI on 1-Apr-2017. TDS deducted 0.

No entry is there in 26AS for AY 17-18 or AY 18-19.

Pension for Mar-17 was included in salary income for FY 16-17 as per ITR filed.

Harsh (CA student) (157 Points)
Replied 26 August 2018

I would do the same as I said earlier.

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Satish (Work) (111 Points)
Replied 26 August 2018

Originally posted by : Harsh

If I were in your situation I would show pension income from April 2017 to March 2018 as per pension certificate and claim eligible deductions from 80C to 80U. If still tax would be payable I would pay.

And I would deal with TDS of March 2017's pension in AY 2019-20 as it was deducted in April 2018.

First statement sounds good. But for the second one:

Total Amount credited in 26AS / Form 16 for AY 19-20 will not match the actual amount credited in book/statement/pension slip for FY 18-19.

And if under some unforseen circumstances, Mar-19 pension is credited in the month of March itself, it will lead to taxation of an extra month of pension or, if in that case, Mar-18/Mar-19 pension is not reported/suppressed in ITR for AY 19-20, will lead to amount mismatch.

Harsh (CA student) (157 Points)
Replied 26 August 2018

If TDS for March 2018 is deducted on 3rd April, 2018 then it must be shown in 26AS of AY 2019-20.

As I said earlier I would show pension of March 2019 pension in AY 2019-20 only whether it would be reflected in AY 2019-20's 26AS or not as I would have supporting evidence of pension statement.

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