TDS Late payment & 26 AS updation - Reg

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This discussion addresses a scenario where TDS for FY 2019-20 under section 194C was deducted but paid late to the government. It clarifies that even though the IT return deadline has passed, customers can still claim the TDS credit. The credit will reflect in the customer's Form 26AS for FY 2019-20, and they can claim it by filing a rectification if there's a mismatch.

Gokul K.R

Gokul K.R (Querist)
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07 June 2022 TDS with repect to FY 2019-20 under 194C, deducted but failed to pay to the Govt. Suppose we are paying the same along with interest, can customer will able to claim tds, IT return date is already over for the FY 2019-20. Please note that our 3CD filing is not completed for FY 2019-20. Suppose we are revising TDS return now for FY 2019-20 Q4, which year customer's 26AS will reflect. FY 2019-20 or FY 2022-23. Please reply

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 June 2022 It will reflect. FY 2019-20.
Customer can claim it by rectification under tax credit mismatch.

CA Puja Sharma

CA Puja Sharma (Expert)
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08 June 2022 Yes the customer can claim the benefit of TDS deduction by filing rectification after the TDS starts reflected in Form 26AS of the contractor for FY 2019-20

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