Whether unclaimed TDS can claimed in the next year
Aida Elsabeth Thomas (1 Points)
13 July 2024
please provide any reference under the Income Tax act
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 14 July 2024
CBDT (Central Board of Direct Taxes) notified Form 71 on August 30, 2023, to enable taxpayers to claim TDS credit for income that has been declared in their income tax returns (ITRs) for a previous assessment year, but the tax was deducted at source (TDS) in a subsequent financial year. In these cases the assessee can make an application in the prescribed form 71 read with new rule 134, to the Assessing Officer within a period of two years from the end of the financial year in which such tax was deducted at source. Then Assessing Officer has to amend the order of assessment or any intimation allowing credit of such tax deducted at source in the relevant assessment year.
jagdish chhugani
(engineer)
(1004 Points)
Replied 10 October 2024
ANY UNCLAIMED TDS YOU CAN GET BACK UP TO LAST 6 YEARS
IN AY 24-25 WE FILLED UNCLAIMED TDS OF AY 19-20 RS 22,000 IN 1ST ATTEMP ORIGINAL ITR THEY REFUSED OLD TDS AND MADE RONG CALCULATION UNDER 234/C INTEREST AND FEES
AGAIN WE FIILED REVISED ITR AND TODAY WE GOT REFUND RS 23,870
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