I had filled the return of Income for the assessment Year 2007-2008, in which tax payable is rs. 18,840/- and tax deducted at source is rs. 23,650/-. I mentioned the amount of TDAS in computation sheet but not claimed the deduction of TDAS in ITR Acknowledgement as well as in Verification sheet.There by Acknowledgement sheet showed tax payable instead of refund. Further till date, i haven,t received any demand notice from income tax department. Therefore i want to confirm whether i would be entitled to adjust TDAS against tax payable of rs. 18,840/-.This question is relevant because i have to filled the return of Income for 6 assessment years under section 153A of the Income Tax Act,1961.
20 February 2014
no you do not have any authority to adjust tax payable against tds credit as only it dept u/s 245 can do so u can ask AO who is doing ur assessment u/s 153A.
I furnished the Tax deducted at source in ROI but ommited to adjust the same against Tax payable in ITR Acknowledgement.So whether your answer will remains the same.