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Can We Get Credit Of Tax Without Having TDS Certificate?

TDS / TCS 1642 views 2 replies
The return has columns where the details regarding TDS or TCS are required to to be filled. That is it. The A.O while processing the return will not ask you to file the TDS certificate because the TDS amount deposited against your PAN by the deductor will automatically reflect against your APN in A.O's computer. SO, you will get the credit of tax even when a dedcutor has deducted the tax from payments made to you and deposited . In other words, data reflected on NSDL as TDS against you ,can be claimed without certificate. In case , tax has been deducted but not deposited , such credit can not be given to you as it will not reflect in online TDS details . In that case, you will have to claim the tax credit be applying to A.O with the certificate issued by the deductor. For that reason, getting TDS certificate from the deductor is important.
What is the time limit for issuing the TDS certificate?
This question has already been answered in this posting :Non Issue of TDS Certificate Will Make Deductor Liable To Penalty
How to prevent TDS?
If you find that TDS are being done much more than your estimated income , you can apply to your A.O for issuing a certificate of deduction at lower rate or NIL rate in Form 13 .
Replies (2)

ya correct

from 01.04.2008 onwards there is no need of tds certificates. you can file ur return mentioning necessary detail


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