Can we claim tds for ay 2014-15 in ay 2015-16?

This query is : Resolved

Guest

Guest (Querist)

05 November 2015 Hi,
TDs was deposited by a party (deductor) u/s 194J on 02/12/2014, whereas income tax return for AY 2014-15 was filed by assessee on 14/08/2014 for AY 2014-15.

The TDS of Rs 12000/- was not claimed as it did not appear in 26AS at the time of filing return.
The return was delayed because the assessee waited for the party to deposit the tax. As we didn't know the amount, we could not even carry it forward. T

he professional receipts Rs 120000/- on which the said tax is deducted are already taxed in the AY 2014-15.

Can we now claim the TDs in AY 2015-16?

praveen

praveen (Expert)
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05 November 2015 I would suggest you revise the income tax returns for AY 2014 -15 and claim the TDS and show it as carried forward. In AY 2015 -16 claim it as brought forward.

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Guest

Guest (Querist)

05 November 2015 Thanks for the reply.
The return for Ay 2014-15 was delayed, so we cannot revise it.
Is there any other way?

praveen

praveen (Expert)
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05 November 2015 My suggestion would be to file the revised returns though it is invalid the website will accept it. Once it accepts the credit should also automatically get transferred. In case you get a better alternative try it. :D

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 November 2015 The correct course of action is to seek revision u/s.264 before the jurisdictional CIT after you get an intimation u/s 143(1).

Ps:- you can't claim in AY 2015-16.

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