Infratech
This query is : Resolved
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MAKARAND DAMLE
(Querist)
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 ?
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 ?
CMA Poornima Madhava
(Expert)
28 April 2021
Yes, TDS credit can be carried forward to the subsequent year. Ensure to fill up the ITR accordingly.
CA R SEETHARAMAN
(Expert)
28 April 2021
Yes, it can be carried forward and claimed in fy 21-22.
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