TDS & TCS Credit

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This query is : Resolved

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A taxpayer filed their return for FY 2021-22 claiming TDS credit based on Form 26AS. Later, additional TDS credit for the same FY was received in FY 2023-24, by which time the deadline for a revised return had passed. The user inquired about claiming this TDS credit, as rectification returns reportedly do not allow for TDS credit claims. The response clarifies that TDS credit can indeed be claimed under section 154 for tax credit mismatches, with a filing window of up to four years for TDS refunds.

Pramodh s

Pramodh s (Querist)

05 August 2023 In FY 2021 22 I filed Income Tax return and claimed TDS Credit of 50,000 rs. Beacause I have only that much TDS in Form 26AS. later I received a TDS credit of 1,00,000 rs in FY 2023 24(This TDS Credit Belongs to FY 2021 22) because of this time gap I missed the Revised return due date.
I Read the Rectification Return Form in that department saying you can not claim TDS credit in rectification return.
Is there any another way to claim TDS Credit.

RAJA P M

RAJA P M (Expert)

05 August 2023 Your query is not clear...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 August 2023 You can claim TDS credit under section 154 under tax credit mismatch.
Such rectification return can be filed upto 4 years to claim TDS refund.

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