Form 71 of Income Tax

I have a mismatch wherein income was shown in FY 22-23 and TDS was deducted in FY 23-24. I thing i can claim the TDS amount in FY 23-24 by filing Form 71.

I want to know when Form 71 can be filed:

1) Before i file my ITR (since the discrepancy is visible in 26AS)

2) After my ITR but before assessment or notice of discrepancy is received

3) After notice of defective return is received due to income mismatch in books and 26AS. 

Replies (1)

Hey! About Form 71 (Claim for Refund of TDS on income returned in a different year), here’s how it generally works:

When can you file Form 71?

  1. Before filing your ITR:
    Yes, you can file Form 71 before filing your ITR for the year in which TDS was actually deducted (FY 23-24 in your case). This helps claim the TDS refund early, so it can be adjusted or refunded promptly.

  2. After filing your ITR but before assessment or notice:
    You can still file Form 71 after filing your ITR, but before the assessment is completed or before you get any notice. The refund claim will be processed by the Income Tax Department accordingly.

  3. After receiving notice of defective return due to mismatch:
    Even if you receive a notice due to mismatch, you can file Form 71 to claim the refund of the TDS deducted in the later year. However, it’s better to do this proactively to avoid notices.


Additional Tips:

  • Make sure Form 71 is filed in the year the TDS was deducted (FY 23-24 in your case).

  • Keep all documents handy like TDS certificates and proof of income.

  • Ideally, file Form 71 early to avoid any complications during assessment.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details