Can TDS be carried forward to the next year in ITR U?

Can TDS be carried forward to the next year in ITR U?
Replies (5)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) can be carried forward to the next financial year via an Income Tax Return (ITR) U. The general consensus is that it is not currently possible to carry forward TDS to the next year using ITR U. The conversation also delves into the applicability of Section 194Q (TDS on purchase) and Section 206C (Tax Collected at Source - TCS) based on turnover and transaction values, outlining specific scenarios for purchasers and sellers.

As on date not possible.             

@ Honourable Dhiraj Lal sir...

Section 194 Q provision tells us ,payment purchase TDS should deduct when the purchase consideration RS 50 lakhs exceeding.....and also py turnover 10 crores above he is eligible cut TDS


Section 206 tax collection at source when seller have more than 10 crore and having sales considerations previous year 50 lacs exceeds he is eligible to collection TCS



My Query: 


Case 1: Mr X (purchaser)having turnover 10 crore more and having purchase consideration exceeding 50 lakhs on previous year , And Mr A having turnover exist 10 crore more and having sales consideration also 50 lakh exceeding..... In this scenario can both parties make TDS deduction and TCS collection???


Case 2: Mr X(purchaser) having turnover below 10 crore and purchase consideration below 50 lakhs ,But Y having (seller ) more than 10 crore turnover and 50 lakh sales considerations 

So here only seller make TCS only collect??


Please explain this two sections very broadly all scenario please please...

1. In first case only TDS u/s. 194Q is applicable.

2.  Yes, only TCS applicable.

Tds can ne carried forward to the next year in itr U.

TDS credit does not carry forward between years. It belongs to the assessment year in which the income was earned.

Here is what ITR-U can and cannot do:
- ITR-U ALLOWS you to file or correct a return for a past year where you missed the TDS claim. Example: TDS deducted in FY 2022-23 and you never filed an ITR for that year, file an ITR-U for AY 2023-24 and claim that TDS against that year's income.
- ITR-U DOES NOT allow you to shift TDS from year A to year B. The claim must match the assessment year in which the income was received and TDS was deducted.

The 48-month window for ITR-U means you can go back four years. So for TDS deducted in FY 2022-23, the window closes on 31 March 2027. After that, the credit is permanently forfeited if you never filed.

This [guide to belated and updated returns](https://taxgarden.in/blog/itr-filing-after-deadline-belated-revised-updated-return-ay-2026-27) explains the ITR-U eligibility and timeline in full.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details