Infratech

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether TDS deducted under Section 194C on advance payments made in FY 20-21, for work completed in FY 21-22, can be carried forward and claimed in FY 21-22. The consensus is that TDS credit can indeed be carried forward to the subsequent financial year. It's important to ensure your Income Tax Return (ITR) is filled out correctly to reflect this claim.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
Follow

28 April 2021 Party has deducted TDS u/s 194C on advance towards work in f y 20-21 for which final bill was not prepared in f y 20-21.

Final Bill will be prepared in f y 21-22 when the work will be completed

TDS u/s 194C for advances paid in f y 20-21 will be reflected in 26AS. Can this TDS be c/f and claimed in f y 21-22 ?