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IT refund claim

18 November 2020

Sir,
one of my client who registered himself as an assessee during the FY 2019-20.
his TDS has been deducted by a company under second 194C since last 5-6 FY
as he is not aware he didn't claim and register earlier

how can he claim his refund for past years?

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15 Replies

Narahari Palepu (32 Points)
Replied 18 November 2020

Yes , he can claim past year's tds. but corresponding reciept should be considered in turnover

1 Like

ayusmita (Tax consultant) (5885 Points)
Replied 18 November 2020

Yes he can
but you to cross verify if he has no tax payable in that years then claim by filling XML with year

JATINDER KUMAR (Accountant) (3662 Points)
Replied 18 November 2020

No, he can not claim TDS for past years

queryinsta054@gmail.com (234 Points)
Replied 18 November 2020

Sec 119 allows an assessee to make claim for refunds, carry forward of losses etc. for 6 years from end of the assessment year to which the claim relates. An application is to be made before the Pr. Commissioner or Commissioner of Income Tax. But to claim benefit of this section, there should be circumstances beyond the assessee's control due to which the claim could not be made.

vikram chouhan (131 Points)
Replied 18 November 2020

Whether an assessee can claim refund past years in ITR for the AY 2020-21 as he is not aware of filing before n claim refund.

queryinsta054@gmail.com (234 Points)
Replied 18 November 2020

Past years TDS claims cannot be taken in return of AY 20-21.If the same is done, then the TDS as per Form 26AS will differ from TDS claimed in the return and the IT dept. may issue notice

ayusmita (Tax consultant) (5885 Points)
Replied 18 November 2020

As I says above you have to cross verify those years he has coming under nil return or taxable return

If non taxable return then claim it by filling XML

Go to tds page

Choose the year for which you have tds fill it

Simillar way do rest

But first coloum you have to fill current year tds

As per the rule a person can make an application for condonation of delay for any financial year ending 31-03-04 to claim refund or carryforward losse

JATINDER KUMAR (Accountant) (3662 Points)
Replied 19 November 2020

@ queryinsta

Agree with your reply

can not claim TDS claims of past year in AY 2020-21

vikram chouhan (131 Points)
Replied 19 November 2020

What if he claims in current AY

ayusmita (Tax consultant) (5885 Points)
Replied 19 November 2020

Nothing will happen if you follow the rule n regulations procedure correctly and can claim those tds

Telling you as have partical experience

I filled those types of return in my training period

JATINDER KUMAR (Accountant) (3662 Points)
Replied 19 November 2020

How can you claims in Current F.Y. without showing income earned in past years

Not possible

ayusmita (Tax consultant) (5885 Points)
Replied 20 November 2020

No need to show income of past year in current year
you will fill itr in XML mood with current year income and expenses and Deduction
when comes to the section tds fill first coloum with
current figure with year
latter the past year with the income on which it deducted and how much deducted and for which year you claiming

as the approval of AO of delay condonation request is accepted and letter of acceptance given as per cross verify that no taxable income is their by the person as per tax slabs
if he has taxable income then there's is certain rules and regulations for claiming