Claiming TDS credit of unclaimed TDS of past years

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This query is : Resolved

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A client missed claiming £50,000 in TDS credit for AY 2023-24 on their tax return, although the income was declared. While a standard rectification for TDS credit was initially unsuccessful, the consensus is that the credit should still be claimable. The recommended approach involves filing a rectification under 'tax credit mismatch' to update the TDS schedule and claim the refund, provided the relevant income was disclosed in the original return. If this process is delayed, filing a grievance is suggested.

DIVYESH JAIN

DIVYESH JAIN (Querist)

20 January 2025 Dear Sir,

One of my client has an unclaimed TDS in his 26AS of Rs. 50,000/- for AY 2023-24 which was not claimed while filing his Income Tax Return. The Income earned with respect to TDS was shown in that year.

Can he claim TDS while filing his return for AY 2025-26 since he got the TDS credit late in December, 2024.
Please help me in this matter.

Thanks,
Divyesh Jain

Nikhil Kaushik

Nikhil Kaushik (Expert)

20 January 2025 do one thing..apply for reprocessing (rectification) of the tax return and update the TDS schedule. that should help resolve your AY 2023-24 tax credit problem

DIVYESH JAIN

DIVYESH JAIN (Querist)

20 January 2025 I have tried that but since that TDS was not claimed in the Original Income Tax return filed for A.Y. 2023-24 they are now not giving the TDS credit when I file Rectification return.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 January 2025 You have shown the income for which TDS deducted in the return already filed.
You can't be denied TDS credit.
File rectification under tax credit mismatch, you will get refund.
If not getting refund file grievances.

DIVYESH JAIN

DIVYESH JAIN (Querist)

21 January 2025 Does that mean that even if I have not claimed the TDS credit in the income tax return filed with regards to the Income earned then also I can get the excess TDS credit available as per AIS or 26AS?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

21 January 2025 Yes, you are right. In such a case file rectification under tax credit mismatch and update TDS schedule and claim refund.
Concerned income should have been disclosed in the earlier filed return.

Nikhil Kaushik

Nikhil Kaushik (Expert)

22 January 2025 just one thing. in several cases these rectifications are just not processed for a very long time. But regardless of that, the solution what Seethraman ji and I suggested.

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