TDS not Claimed in ITR - Rectification u/s154 (Urgent)

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This query is : Resolved

Quick Summary

If you've filed your Income Tax Return (ITR) but failed to claim your TDS credit, you can rectify the mistake. A rectification under Section 154 of the Income Tax Act allows you to claim TDS amounts that were not initially mentioned in your return. This process can help you secure your refund, and you generally have up to four years to file for rectification due to a tax credit mismatch.

Dicson

Dicson (Querist)

12 January 2023 I filed my tax return on December 31, 2022 for AY 2022-23 and failed to report the TDS credit in the appropriate column of the ITR form. Is it possible to claim refund via filing u/s154 rectification or otherwise at earliest.

Thanks in Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 January 2023 Yes, claim refund via filing u/s 154 tax credit mismatch.

Dicson

Dicson (Querist)

13 January 2023 @caRseetharaman thanks sir. I need clarification.

Via 154 can i claim amount which is not mentioned in return?

For Example
Situation 1 : TDS deducted 15000 mentioned in return 10000

Situation 2 : TDS deducted 15000 anywhere any amount not mentioned in itr.

Under which situation i can file rectification?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 January 2023 Yes, Via 154 you can claim amount which is not mentioned in return.
Under both situation rectification can be filed under tax credit mismatch and refund can be claimed within 4 years.

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