CAN 16A OF LAST YEAR BE TAKEN AS TDS IN NEXT FIN YEAR
This query is : Resolved
04 October 2010
HI ALL
SOME OF OUR CLIENTS HAD DEDUCTED OUR TDS BUT HAS NOT ISSUED US FORM 16A IN THE FIN YEAR 2008-09,AND WE HAD NOT TAKEN THE CREDIT OF THE SAME WHILE FILLING RETURN OF 2008-09.
CAN WE TAKE THE BENEFIT OF EXCESS TAX CREDIT APPEARING IN 26AS FOR THE YEAR 2008-09 WHILE FILLING THE I TAX RETURN FOR THE YEAR 2009-10.
REGARDS
SUMEER MATHUR
SOME OF OUR CLIENTS HAD DEDUCTED OUR TDS BUT HAS NOT ISSUED US FORM 16A IN THE FIN YEAR 2008-09,AND WE HAD NOT TAKEN THE CREDIT OF THE SAME WHILE FILLING RETURN OF 2008-09.
CAN WE TAKE THE BENEFIT OF EXCESS TAX CREDIT APPEARING IN 26AS FOR THE YEAR 2008-09 WHILE FILLING THE I TAX RETURN FOR THE YEAR 2009-10.
REGARDS
SUMEER MATHUR
04 October 2010
yes... you can ..
but only if.... the corresponding income is also recognized in FY 2009-10.
but only if.... the corresponding income is also recognized in FY 2009-10.
04 October 2010
but the sales/consultancy bills agianst those tds has already been taken during the year 2008-09,so how can we take the same again in 2009-10.
06 October 2010
Revise tax return for 2008-09
11 October 2010
u can take credit in 09-10
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
