DOES TDS CERTIFICATE EXPIRE
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2011
I had invested some pocket money in company fixed deposit . At the time of redemption, even after submitting form 15G , TDS got deducted by the company.
As my annual income is not huge ( very less than one lakh 60 thousand annual ), so filing IT return is not compulsory for me.
Can I hold those TDS certificates until I become CA myself or is there any time limit to claim REFUND ?
Just like a cheque expires after six months from writing it , is there any expiry date for TDS certificates ?
As my annual income is not huge ( very less than one lakh 60 thousand annual ), so filing IT return is not compulsory for me.
Can I hold those TDS certificates until I become CA myself or is there any time limit to claim REFUND ?
Just like a cheque expires after six months from writing it , is there any expiry date for TDS certificates ?
O.D.SHARMA
(Expert)
27 March 2011
Hi,
TDS certificates are valid for the A Y 's income .These cannot be used in any year & these are not cheques.File the years return & use them.
TDS certificates are valid for the A Y 's income .These cannot be used in any year & these are not cheques.File the years return & use them.
Murtaza I Bhagat
(Expert)
27 March 2011
dear frd,
tds certificates are only for claim refunds. if you hold for long time it just like a cheque which cross the time of 6 month or more.. value of cheque is still in but you cannot calim that cheque again.
i.e. if you cross the time of claiming refund,then you cannot claim again. afterthan its complicated
tds certificates are only for claim refunds. if you hold for long time it just like a cheque which cross the time of 6 month or more.. value of cheque is still in but you cannot calim that cheque again.
i.e. if you cross the time of claiming refund,then you cannot claim again. afterthan its complicated
O.D.SHARMA
(Expert)
27 March 2011
Hi,
Its not like cross cheque.Cross cheque can be revalidated /NI act is applicable but not for TDS certificates.Don't compare them,
Its not like cross cheque.Cross cheque can be revalidated /NI act is applicable but not for TDS certificates.Don't compare them,
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
- Gst credit note by supplier
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- 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
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
