UNKNOWN TDS CLAIM IN ITR

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This query is : Resolved

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If you claimed an unknown TDS in your Income Tax Return (ITR) for FY 17-18 and the credit has since disappeared from your Form 26AS, you should pay the amount back. While you've already paid the refund under regular assessment, you may be worried about penalties or prosecution. Rest assured, paying the amount should prevent any further action, and you don't need to worry about jail time.

Mahi Mahadik

Mahi Mahadik (Querist)
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07 August 2022 I have claim unknown TDS in my income tax return in FY-17-18 As per form 26 AS. and taken refund and after 5 years this credit is Nil in my 26 AS. so what can i do in this situation.. Please suggest me.. Can i pay or wait for notice…?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 August 2022 Yes, pay to income tax. If notice is received penalty will be levied for wrong availment of TDS.

Mahi Mahadik

Mahi Mahadik (Querist)
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09 August 2022 Sir i have already paid whole refund amount under regular assessment tax (400) but i am worried about Prosecution and jail.. please suggest me sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 August 2022 No prosecution or jail you have already paid the amount. No need to worry.

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