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Can tds of fy 2014-15 can be claimed in fy 2013-14?

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Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2014 Dear Sir,

I wish to get clarification on the above issue.

Say TDS is deducted in Feb 2014 but the deductor does not deposited it on time and the same is deposited in July 2014 and is duly reflected in 26AS of FY2014-15. Also the Assessee got Form 16A. But the issue is, since Income of the Assessee pertains to FY2013-14 and TDS is reflected in FY2014-15 so, Can the TDS Credit be claimed in FY2013-14 on the basis of Form 16A?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 August 2014 Yes it can be claimed in the return of FY 2013-14 even if TDS was deposited in FY 2014-15 provided this amount is shown in the TDS return of 4th Quarter of Financial Year 2013-14.

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