validity of tds certificate

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CA S.IBRAHIM (Querist)
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01 June 2009 An assessee has received his Form no 16 for TDS for contract after 1 year can he claim deduction? And if he receives this form after 2 year can he claim the deduction? What is the validity of this form?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 June 2009 If the assessee has filed his return of income and if he has received the intimation u/s 143(1) or an assessement order he can file a rectification petition u/s 155(14) enclosing the said TDS certificates. The time limit to move such a petition is with in two years from the end of the assessment year in which such income is assessable.

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Ratan Sharma

Ratan Sharma (Expert)
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01 June 2009 You have to revise your return of income. You can not file rectification petition u/s. 155(4) as there is no mistake appearent from the face of records. There is time limit prescribed to file your return of income and get credit of TDS. There is no question of validity of Form No. 16. Its always valid.

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