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How to claim tds of past years

saurabh (student) (42 Points)

01 September 2019

Hi how can we claim tds of past years in ay19-20

Eg i have tds from bank fd in ay 18-19 but didn't file return as my income is less than 2.5 lakhs. But now this year in ay 2019-20 i want to claim my refund of tds of last year also.. How can i do that. I have filled the detail of last year tds in tds column along with current year tds detail in form itr 1 and claimed that last year tds in this year. Plz help regarding this...

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11 Replies

Kapadia Pravin (17249 Points)
Replied 01 September 2019

Now that ITR you already filed, wait and see.

The correct procedure is to apply online for condonation of delay and after approval file AY 2018-2019 return alongwith TDS claim.

sabyasachi mukherjee (26047 Points)
Replied 01 September 2019

Condonotion of delay can be applied only if the AO approves such delay.
But if the delay is due to the tax deductor any remedies available.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 01 September 2019

Yes... I agreed to Mr Sabyasachi.,

The said Condonation delay request will be submit to Jurisdictional CIT through directly.

Also the same Condonation delay request not available online. It's only through direct meet to CIT...

Kapadia Pravin (17249 Points)
Replied 01 September 2019

Request for Condonation delay is available online.
1. Log in to eFiling site
2. Go to my accounts
3. Use Request button
4. will find condonation request there

please Make use of that.

moulali (student) (735 Points)
Replied 01 September 2019

But Pravin Sir, if we select submit request for condonation of delay it is showing as no records found Which means there is no option available to submit condonation for delay through online. If wrong please correct.

saurabh (student) (42 Points)
Replied 01 September 2019

As one of my friend has this did it.. . And also refund also got processed.. So i tried this.

Akshit Gupta (2 Points)
Replied 01 September 2019

can we do the same condonation of delay online for filing of ITR of AY17-18 ?

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 01 September 2019

Yeah.... Will find Condonation Request there...
but it's not for Non-Filings of ITR

sabyasachi mukherjee (26047 Points)
Replied 01 September 2019

wrong Mr.Raja

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 01 September 2019

Wt s wrong...?
can explain with details and screen shot of the said process...?
Are you did any of same then show here...?

2 Like

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 12 September 2019

A TDS Refund arises when the taxes paid by way of TDS are greater than the actual tax payable calculated for the Financial Year. It is calculated after consolidating income earned from various sources. You know we all, as taxpayers, are categorized under various tax slabs.

Say, you have an FD and earn an interest income out of it. Banks levy a basic 10% TDS on the interest accumulated. Now, if you belong to the 5% tax bracket, you can claim a TDS refund for the additional amount deducted.

When your employer deducts more than the income tax payable:

When the tax deducted does not match your actual tax payable, you have a facility to calculate income and taxes, file an income tax return (ITR) and claim a refund.
During the ITR filing process, you will be prompted to provide your bank name and IFSC code. This makes it easier for the IT department to refund you the excess tax paid.
In case you’re aware of excess TDS deduction beforehand, you can apply for a lower or NIL TDS certificate from your jurisdictional Income Tax Officer in Form 13 as per Section 197. You can submit the TDS certificate received to the TDS Deductor.

On TDS refund on Fixed Deposit:

When you don’t have a taxable income, please submit a declaration in Form 15G before the end of FY to your bank to notify them that you don’t have a taxable income. Hence, there should be no TDS on your interest income.
if the bank does deduct tax on your interest income in spite of you submitting the Form 15G declaration, you can claim a refund by filing your ITR.

2. For senior citizens with FD accounts:

If you are of age 60 or above and have a fixed deposit account, you are exempt from tax deductions on FD interest earned up to Rs. 50,000 annually.
In case you have no taxable income for a Financial Year (after claiming the deduction of up to Rs. 50,000 for interest income), you can submit Form 15H to your bank to notify them that you don’t have a taxable income.
If the bank still deducts tax on your interest income from your FD, you can claim a refund by filing your ITR.

3. How to claim TDS Refund Online

After registration, you can file your income tax return by downloading the relevant ITR form. Fill in the requisite details, upload the form and click on submit. Upon filing the ITR, an acknowledgment is generated for the ITR submitted, which you must e-verify. You can do e-verification by using a digital signature, an Aadhar-based OTP or your net banking account. However, if you haven’t been able to e-verify the ITR, then you can complete the verification by sending a signed physical copy of the same to the IT department