Tds claim for previous year

TDS 693 views 4 replies

I have filed returns for previous AY (2018-2019). Due to oversight, I had not claimed TDS amounting to around 17000. Since it is not a small amount, I want to claim it this year. Can I just include the TAN number and above amount while filing now along with the current TDS? If not, how to go about claiming this previous TDS?

Replies (4)
Give proper details of TDS 17000 in TDS schedule. And try to validate it. for AY 2019-2020 ITR

Time for filing revised is already gone.
No... You can't claim the missed tds amount in AY 19-20 ITR.

But, Better to follow rectification. Login your ID and find out the ITR process. After that You can take action.

Tax Deducted at Source (TDS) is the sum that is deducted from a taxpayer’s income like salary, interest from bank accounts, rent etc. If the TDS collected is more than what you owe to the government, you can get a TDS Refund. Let us explore this concept in detail.

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.

To file your TDS online, you have to first register yourself on the IT department’s website: https://incometaxindiaefiling.gov.in/

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 Aadhaar-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

2. How to claim TDS refund

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.

 

Originally posted by : debora M
Tax Deducted at Source (TDS) is the sum that is deducted from a taxpayer’s income like salary, interest from bank accounts, rent etc. If the TDS collected is more than what you owe to the government, you can get a TDS Refund. Let us explore this concept in detail.

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.

To file your TDS online, you have to first register yourself on the IT department’s website: https://incometaxindiaefiling.gov.in/

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 Aadhaar-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

2. How to claim TDS refund

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.


 

 

I have filed returns for previous AY (2018-2019). Due to oversight, I had not claimed TDS amounting to around 17000. Since it is not a small amount, I want to claim it this year. Can I just include the TAN number and above amount while filing now along with the current TDS? If not, how to go about claiming this previous TDS?


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