Tds

Save Share

This query is : Resolved

ADITYA J PRADHAN (Querist)

20 December 2014 Dear Sir,

My client recd professional fees in AY 2011-12 and we took the income according to receipt basis in AY 2011-12. But in 26AS the credit of TDS is reflecting in AY 2010-11. I would state here that we have not claimed the same in AY 2010-11. We had claimed the TDS in AY 2011-12. Now there is a demand outstanding in AY 2011-12 due to non allowance of credit of TDS. Please give me a way out.

Will writing to AO would solve my problem or any rememdy online is available?

Thanking You

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

20 December 2014 Tds deducted and reflected in AY 10-11 is not allowed to be claimed in AY 11-12.

In this case if Ay 10-11 assessmnet is not completed and time limit under section 154 is not expired then do file for rectification u/s 154.

Rupesh Jain

Rupesh Jain (Expert)

20 December 2014 you cannot take tds credit in one year to another year.

ADITYA J PRADHAN

ADITYA J PRADHAN (Querist)

22 December 2014 Hey Sir,

Thanks for the reply. But no order of assessment has been passed. Only intimation u/s 143(1) is passed. We cannot even file revise return u/s 139(5) as time limit has passed. Is there any other way out ??

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

22 December 2014 Even in case of non passing of order still you can rectify as its mistake apparent from the record for ay 10-11 but in any case you cannot take tds credit for 10-11 in ay11-12

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now