An assessee had included Rs.50000 as income in F.Y.2019-20 but the TDS against the same had been taken into account in F.Y.2020-21. He has claimed TDS deduction for the same in ITR in F.Y. 2020-21. But the same has been disallowed by the department. The department has demanded for the same amount of tax. Is there any way to deal with the same?
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Income tax and TDS Deduction in different years
Replies (20)
Income Tax dept allow tds based on 26AS .
So better to consider as per 26AS of you are a non tax audit assessee
So better to consider as per 26AS of you are a non tax audit assessee
Please confirm, whether the assess have carried forward the TDS while filing the Tax Return of 2019-20?.
You can claim so
Carry forward of TDS is allowed only when you follow cash system accounting. in my view, you file rectification application for both f. y 2019-20 & f. y. 2020-21 in order to regularise the same. when you claim credit for any prepaid taxes, then its corresponding income required to be offered to tax. on the aforesaid grounds, the dept might have denied to give credit for the tds of 50000
Pay demand and claim refund in the subsequent year
@ Eshwar Reddy Please explain how demand will be paid and how you can claim it in subsequent year, another useless reply by you. Don't reply without knowledge on each post .
If you claim tds which is not appearing in 26AS
If you claim tds which is not appearing in 26AS, What will happen? Don't you get demand notice.
One must have brain to understand this.
You are just making personal comments.
If this continues then I will repeat the same to you.
This is not your own website. You can post your opinion and leave it
Credit of bills accrued and payment whichever is earlier. But it may so happen there are some lapses on the part of deducted.
@ Eshwar Reddy, we have brain but it is completely illogical to pay tax and then claim refund for that, what is use of doing so. Its not my site but you are continuously posting multilple replies on each query and all that have no relevance. I just want than reply the correct thing and only if you know about it. People like you make fun of such a good platform.
Everybody knows who has started it .
Your can also read your past answers once
Your can also read your past answers once
Stay cool.
Tds liability is there , but the querist had paid it may be after paying penalty.
Tds liability is there , but the querist had paid it may be after paying penalty.
no he had not carried foward tdsv in f.y.2019-20.
Stil you can claim it
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