Regarding Form 71..
This query is : Resolved
11 December 2024
What is use of form 71?
11 December 2024
Taxpayers can use Form 71 to claim tax credit for income on which TDS has been deducted but not accounted for in their ITR due to timing differences.
A new Rule 134 is inserted after 133 which expresses regarding the Application under sub-section (20) of section 155 about credit of tax deduction at source. The taxpayer must make the application under sub-section (20) of section 155 in Form No. 71.
Refer: https://www.thetaxheaven.com/blog/tds-deducted-in-wrong-fy-income-tax-form-71-will-help-you-to-get-it
A new Rule 134 is inserted after 133 which expresses regarding the Application under sub-section (20) of section 155 about credit of tax deduction at source. The taxpayer must make the application under sub-section (20) of section 155 in Form No. 71.
Refer: https://www.thetaxheaven.com/blog/tds-deducted-in-wrong-fy-income-tax-form-71-will-help-you-to-get-it
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11 December 2024
If we forgot to claim TDS of a.y. 2023-24, then form 71 applicable to claim such refund?
11 December 2024
When the TDS was deducted? & when it was credited as per form 26AS?
11 December 2024
In same year, but forgot to claim while return.
11 December 2024
Yes, File form before March 2025.
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