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Carry Forward of TDS

15 March 2021

The TDS which has been deducted n available for credit... for how many years it can be carry forward... bcz client don't want to take refund

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 15 March 2021

TDS should be credited in which year it is deducted.
TDS should not be carried forward.
This return for claiming the refund of excess taxes paid can be filed within a period of one years from the end of the financial year for which claim the refund relates.

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Akshat Shah (13 Points)
Replied 15 March 2021

As per notification 28/2009 the tds credit available can be carried forward... but for how many years ???

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 15 March 2021

I think it might be one year

Kapadia Pravin (17264 Points)
Replied 15 March 2021

TDS is deducted in respect of income. You have to show income mandatorily and hence TDS too.
If you don't want refund it is ok but you can not carry forward as corresponding income is already shown.