tds carry forward

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can TDs refund be carried forw
ard?
Replies (4)

Yes, that option is to be selected while filing ITR

for how many years?

Next year only.......

See CBDT Notification 28/2009 dated 16 march 2009.  clause  3(i) and 3(ii) 

TDS is allowed to C/F  and consumed in the year of receipts pertaining to TDS

This usually happens when deductor's accounting system is Mercantile

and Deductee's accounting system is on cash basis.

see link

https://incometaxindia.gov.in/Communications/Notification/920110000000000727.htm


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