Clarificaiton pls.

Instead he can file revised return stating the information abt tds... 

Hi Abhiram,

 TDS which is deducted from the payment of payee constitutes the part of total income of that payee. If you ask for claiming TDS benefit in next A.Y you are indirectly saying that you want to postpone the income from one A.Y to another, that will come under income escapement for one of the A.Y which is not allowed as per IT act.

So, tell ur friend to Go for a revised return.

THANX

agreed with ashish

u can also write an application for rectification u/s 154

Specimen application for rectification u/ft 154

To,

The Assessing Officer,

Circle......... /Ward.............

City:...................

Sir,

Ref.: Shri.............. (Name of the Tax payer)

PANo........ /GIRNo.......... A.Y..........

Sub: Rectification u/s. 154 kindly refer to your intimation u/s. 143(l)/assessment

U/s. 143(3) dated... in respect of A.Y. referred to above, wherein a sum of Rs ...has been shown as tax due.

On scrutiny of my records, I find that the following has not been considered while preparing the tax demands in the intimation/assessment order.

**1. In respect of N.S.C./Infrastructure Bonds purchased for Rs……………….. on ………………………..

*2. In respect of PPF of Rs OR UUP/LIP of Rs......................

*3. As the Law has been amended retrospectively w.e.f. 1.4.95 regarding allowability of interest on borrowed capital for construction of house-property.

*4. I also find that credit has not been allowed in respect of TDS/Advance Tax amounting to Rs……………….

*5 .......... (Specify here any other claim)..............

The certified photocopy(s)/originals in support of the above claim(s) are attached herewith for your kind perusal with a request to kindly rectify the same, as it is a mistake apparent from record.

Yours sincerely.

(Signature of the Tax payer) Address: