Tax credit for TDS on Interest received

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This query is : Resolved

Mugdha (Querist)

22 July 2011 Scenario:
Bank has provided the TDS certicate with X amount and on NSDL website I have not received the credit of that TDS till the last date of filing of return. In this case I have claimed TDS only to the extent that is available on NSDL website. The balance TDS amount is updated on NSDL website only after the due date of filing if returns.
Question:
1) Can I claim the balance unclaimed amount of previous assessment year in current assessment year?

CA. AJIT KUMAR MURARKA

CA. AJIT KUMAR MURARKA (Expert)

22 July 2011 TDS RELATING TO A PARTICULAR ASSESSMENT YEAR CAN BE CLAIMED IN THAT YEAR ONLY. YOU CAN FILE A RECTIFICATION APPLICATION U/S 154 AND CLAIM THE BALANCE.

CA Deepak S

CA Deepak S (Expert)

23 July 2011 If the due date of filing revised return is not over it is better to file revised return.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

25 July 2011 You claim the TDS for the year in which it is deducted and claim accordingly whether it is uploaded or not. The banks generally upload after 2 - 3 months as in April, May they are busy in the audit etc. If you do not claim you cannot claim in future years. If the bank uploads after 6 months and by this time your assessment is completed then you can claim refund through rectification u/s 154

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