Regarding Form 71..

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Divyesh Ajmera

Divyesh Ajmera (Querist)
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11 December 2024 What is use of form 71?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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

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Divyesh Ajmera

Divyesh Ajmera (Querist)
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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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 December 2024 When the TDS was deducted? & when it was credited as per form 26AS?

Divyesh Ajmera

Divyesh Ajmera (Querist)
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11 December 2024 In same year, but forgot to claim while return.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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