banner_ad

Tds credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 July 2014 State Bank of India has not deducted TDS on the interest on fixed deposit for the FY 2013.14. The reason given by the bank was 0% interest was wrongly charged on that deposit, hence no interest no TDS. Subsequently the said mistake was discovered at the time of prematured withdrawal in April 2014, the bank gave credit of the full interest but made TDS on the entire interest including interest for FY 2013.14 showing it as interest pertaining the period FY 14.15.

Can the depositor claim the TDS which is made in Apr 2014 as he follows accrual system of accounting and has to include the said interest income for AY 14.15.
Profile Image

CA Madhvi

Profile Image

CA Madhvi (Expert)
02 July 2014 Yes you can show that income as well tds thereon in return of AY 2015-16
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
02 July 2014 if it is in A Y 2014-15 then you can show income in F y 2013-14.

if it is A y 2015-16 then you can file in next year FY 2014-15
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details