Is non-claiming of TDS penalized?

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Kris kris kris (Querist)
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18 March 2009 For last FY we received a copule of notices from Income Tax, Govt of India for mismatch of TAN Nos submitted. My doubt is, are we answerable if we dont claim a TDS done to our company??? Reasons for non-claiming can be any!!!

CA Vipin Jain

CA Vipin Jain (Expert)
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18 March 2009 These notices coming from income tax online System. While filing ITR, we are entering TAN of TDS deductor, if that TAN is invalid or mismatch then these reminders are coming. So notices are for claiming credit for TDS.

No penalty for non-availing credit, but be asure income must be taken into account.

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