Unclaimed tds
This query is : Resolved
S.Sudhishkumaar
(Querist)
14 November 2013
TDS for F.Y. 2010-11 = Rs.4000/- was unclaimed till date. whether we can claim it in current financial year?
Nikhil Kaushik
(Expert)
15 November 2013
if the income against which this TDS was offered for tax in AY 2011-12, then you cannot claim TDS now. It should have been claimed in that year itself.
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CA Pallav Singhania
(Expert)
15 November 2013
Agree its time barred,
you can't claim it now...
you can't claim it now...
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15 November 2013
Sudhish, you may approach related ITO of your TDS ward. They have the power to refund it.
Nikhil Kaushik
(Expert)
15 November 2013
Senthil that applies to deductors not the deductees. For deductee power lies with Commissioner under 119(2).
S.Sudhishkumaar
(Querist)
15 November 2013
then what's the solution sir
Nikhil Kaushik
(Expert)
15 November 2013
there is no cost effective solution. application under 119(2) is a complicated and time consuming method which would involve large costs. So no point in chasing this small tax amount.
S.Sudhishkumaar
(Querist)
15 November 2013
thank you sir for your valuable advice
Nikhil Kaushik
(Expert)
15 November 2013
you are welcome.
15 November 2013
Nikhil, I gave the solution as he is a Deductor. Now only I knew that he is a deductee. Then your point is correct. Sudhish, you just forget the TDS amount.
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