Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

what happens if tds credited after filing of It return

hari shankar (nil) (30 Points)

14 May 2019

Hi, I want to file IT return for a.y 2019-20 immediately for visa purpose. I'm doing a transport business, I'll show my income under sec 44ae in itr 4.what happens if tds is credited to my account after i file my IT return. Can i claim it in the next year. Or I'll automatically gets refunded under sec 143

Reply
Follow
Share

4 Replies

Shashi Kant (k) (31 Points)
Replied 14 May 2019

If Your TDS is credited before processing of return and Income is shown as per 26 AS or More than 26AS then ITR is processed however TAx credit mismatch would be arised. but if the same is credited after processing of return then you should revised the return to claim such refund

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

hari shankar (nil) (30 Points)
Replied 14 May 2019

I'm showing income on presumptive basis... i own 3 heavy vehicle... so tds is the only thing that'll mismatch.. what should i do now

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 May 2019

Yes... I agreed to Mr Shashi Kant.,

@ Hari Shankar.,

After that mismatch CPC arise order for the mismatch at the time You can revise your ITR. No more problem for revision on or before the end of the Assessment Year.