Can tds of fy 2014-15 can be claimed in fy 2013-14?
This query is : Resolved
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?
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?
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.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Additional trade name
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
