Regarding carry forward of TDS

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This query is : Resolved

Quick Summary

You can generally carry forward unclaimed TDS to the next financial year when filing your Income Tax Return (ITR), provided the relevant income isn't offered in the same year. It's crucial to claim this carry-forward in the preceding year's ITR; failure to do so means you cannot claim it in subsequent years. There isn't a specific section of an act that governs this, but it's a practical aspect of ITR filing.

AUDITORS EDAPPAL

AUDITORS EDAPPAL (Querist)

03 March 2023 Can we carry forward unclaimed TDS to next financial year ? If yes, please specify section.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

03 March 2023 Yes, eligible to carry forward it while filing ITR itself. If not claimed to carry forward in preceding ITR, you cannot claim it in next year.

AUDITORS EDAPPAL

AUDITORS EDAPPAL (Querist)

03 March 2023 SIR, PLEASE SPECIFY SECTION

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

03 March 2023 No applicability of any section/act. You can carry forward TDS claim provided you are not offering the relevant income in same year. Practically it is experienced that TDS doesn't get bought forward if the claim was not exercised in previous year.

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