Claim the tds

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Professional
5 Points Joined July 2017

Hi,

I am freelance professional working as individually for few of the companies in Mumbai and I am new to the invoices and stuff.

My client paid me money in May 2017 but paid the tds on that amount in previous financial year and ask to give me invoice of last financial year which i did.

Now I am filling the ITR myself and i can see 26s shows the TDS deducted. I do not fall in any tax bracket and should be getting the TDS refunded. 

I am filling the ITR-4 as I am not salary employee with busines code of 0714 - other. But in the ITR form do i need to include the amount paid by the client in May 2017 in order to claim the TDS refund. 

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On 27 July 2017 at 20:31 Report
Replies (6)
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SEO Sai Gr. Hosp.
197052 Points Joined July 2016

Yes............ that is the amount on which TDS has been deducted in previous year......

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On 27 July 2017 at 20:50
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Professional
5 Points Joined July 2017

Thank you Dhiraj Sir. But if i include the Money paid on May 2017 ( Online paid directly in bank account) in the income of the financial year 2016-17. Then while filling the ITR in 2017-18, I do not need to include it again right?

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On 27 July 2017 at 20:59
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CA Practice
3577 Points Joined September 2012
Yeah right. No need to include it again in 2017-18.
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On 27 July 2017 at 21:03
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Professional
5 Points Joined July 2017

Thank you this helped me and also solved my doubt.

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On 27 July 2017 at 21:31
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"Do the Right Thing...!!!"
128111 Points Joined January 2015
(ask to give me invoice of last financial year which i did)

The above line is clearly said your position of the bill and TDS.
They deduct TDS and you give the bill for matched the deducted amount. Then why you confused it's related.
Bcoz, TDS ll be deductible for services bill. You did it...
Then can't come FY 17-18.....
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On 27 July 2017 at 21:45
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"Do the Right Thing...!!!"
128111 Points Joined January 2015
 ( Online paid directly in bank account)
The payment ll be received next FY (17-18). So, They maintain balance in March end for your account (Ledger)
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On 27 July 2017 at 21:48


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