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Ques on tds2 - deducted year column

6686 views 4 replies

Vishal

engineer

29 Points Posted on 24 July 2014

Hi ,

I have a question on SCH TDS 2.

TDS on my income other than salary for period 2013-14 was deducted in Jun-2014. What should i mention in the Deducted Year column of TDS-2? (2013 - since income is for 2013 or 2014 - as it was deducted in 2014)

Please suggest.

Replies (4)

Z

Tax Consultation (US and India)

2970 Points Posted on 24 July 2014

You can not claim it in F.Y 13-14, in next return you can claim credit.

V Prabhakara Rao

Assistant Manager

106 Points Posted on 24 July 2014

It depends on the Form 16A issued by the Deductor. If TDS is credited and Form 16 TDS Certificate is issued for FY 2013-14 then the same can be declared under TDS 2 in ITR otherwise declare it in next FY 2014-15 IT return.

V Prabhakara Rao

Assistant Manager

106 Points Posted on 24 July 2014

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Posted on 24 July 2014

even though tds was deposited in june, if such tds is deposited for FY 13-14, then you can claim it now otherwise next year... in TDS2, year of deduction will be 2013 if tds deducted in FY 13-14.