Friends,
Finally CBDT has come up with specific directions on granting the credit of mismatched TDS to the assessee on the basis of TDS certificates.
Follow this link:
https://www.itatonline.org/info/index.php/cbdt-directive-regarding-grant-of-tds-credit-in-mismatched-cases/
It will be useful for them whos refunds are pending due to mismatch of TDS credit.
Will this notification be useful for the assessees who got demand notice without considering tax credit?
Yes, if tax credit pertains to TDS, this instruction will apply and may be used to get rectify the demand.
M N Rao & Associates LLP
Vijayawada
CA Inter
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Krea University
Chennai
CA
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
