Unclaimed tds credit

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CA Vap Patel (Querist)

24 November 2015 Dear Professional Colleague,
I have filed ITR of one of my client for the AY 2015-16 on 01/06/2015, at that point of time there was TDS credit of Rs 1200 and same was reflecting in the Form 26AS also. So the return was filed declaring refund of Rs 1200 and same was processed on 22/07/2015 with refund of Rs 1200. Then client came with more TDS certificate on 10/09/2015 stating further TDS of Rs 36000 is deducted on 1/08/2015 and same is now reflecting in Form 26AS also. Since return is already processed hence I can't filed revised return so I applied for rectification process but same processed without any change.

Now my question is how can I get the credit for extra 36,000/-?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

25 November 2015 As per your query TDS was deducted on 1.8.15 i.e. in FY 2015-16 pertaining to AY 2016-17. So that means this TDS of Rs. 36000/- was deducted in respect of next assessment year and not in assessment year 2015-16. So even if it appears in 26AS today, how can you claim it in return of 15-16 as it was deducted after 31.03.2015 i.e. on 01.08.2015.

CA Vap Patel

CA Vap Patel (Querist)

25 November 2015 Though TDS deducted on 1.8.15, it was deducted for the income earned in the financial year 2014-15. In short TDS is deducted late and in Form 26AS TDS is showing in FY 2014-15 only.

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