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
Replies (4)
Quick Summary
This discussion explores the rules around carrying forward Tax Deducted at Source (TDS) credits when a refund isn't claimed. While TDS is generally linked to income declared in the year of deduction, there's a query about how many years unused TDS credits can be carried forward. Some guidance suggests a one-year limit for claiming refunds, but the exact duration for carrying forward TDS credit remains a point of discussion.
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.
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.
Leave a Reply
Your are not logged in . Please login to post replies