Tds credit of ay 2013-14
This query is : Resolved
10 June 2014
I received interest on IT refund of ay 2012-13 in ay 2014-15. tds deducted on this interest is reflecting in 26as of ay 2013-14. i did not claimed this tds in ay 2013-14. i neither booked this interest amount as income nor claim the tds amount in ay 2013-14.
can i claim this tds in ay 2014-15?
10 June 2014
Yes, u can claim it in 14-15.
10 June 2014
the rule of income tax is that tds credit is to be claimed in the year income accrued to the assessee. for interest on income tax refund accrues in the year in which tax refund was given. So, if the interest is reflecting in AY 2013-14, the same is to be claimed in AY 2013-14 itself.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
