Tds related query for a.y. 2018.19

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This discussion addresses whether TDS available in Form 26AS for AY 2018-19 can be used to offset tax liability if an income tax return was not filed for that year. The consensus is that the department will not automatically adjust the TDS against outstanding tax. However, if a notice is received from the tax department for filing the return (under Section 142(1) or 147), the TDS amount can then be claimed to be set off against the income tax liability for that specific assessment year.

deepak

deepak (Querist)
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11 April 2020 If a person had not filed income tax return for A.Y. 2018-19. But tds available in his 26as for the assessment year 2018.19. So query is in This case department can consider tds amount of this period against tax liabilty or not?

CA Suresh Jain

CA Suresh Jain (Expert)
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11 April 2020 The TDS shall not be considered for liability of the AY other than 2018-19

deepak

deepak (Querist)
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11 April 2020 our concerned is that only that a person had not filed income tax return for A.Y. 2018-19. But tds available in his 26as for the assessment year 2018.19. So query is in This case the department can consider tds amount for A.Y.2018-19 against tax liabilty or not?

deepak

deepak (Querist)
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deepak

deepak (Querist)
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deepak

deepak (Querist)
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Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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11 April 2020 No., the TDS wont be adjusted by the department against your any outstanding Income Tax liability.

Vipin Gupta

Vipin Gupta (Expert)
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12 April 2020 If you get a notice from income tax department U/s 142(1) or 147 for filing of income tax return at that time you can claim this TDS amount to be set off against your Income tax liability of that A/y

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