Claim of Tax Credit

This discussion addresses a common query regarding tax credits where Form 26AS shows a higher TDS amount (Rs. 80,000) than what was actually deducted by the employer (Rs. 50,000). Experts advise against claiming the excess amount directly. It's crucial to obtain a TDS statement from the deductor and reconcile it with Form 26AS first. Claiming an amount not reflected in the deductor's revised return could lead to future tax demands.