Tds credit adjustment - urgent

TDS 415 views 1 replies

One of my client is having income from Individual capacity and HUF capacity.

He derives income from sale of jelly in individual capacity.

He derives income from house property in HUF capacity.

For the FY 2008-2009, TDS was deducted from rental income by the tenants for HUF.

But, E-TDS was done with the PAN of Individual by the tenants and 26AS tax credit is available in Invidual PAN.

The Income Tax Department has raised a tax demand for HUF.

Can any one suggest, how to claim the TDS credit available in Individual PAN for HUF.

Is there any provisions, if the client in Individual capacity gives any declaration for adjustment of TDS credit with HUF demand.

 

AWAITING FOR YOUR VALUABLE REPLIES

 

 

 

 

 

 

 

 

Replies (1)

You will have to request the Tenants to revise the E-TDS Return of that quarter of F.Y 08-09 by quoting the correct PAN of the Assessee ie. HUF.

 

Regards,

Devendra Kulkanri


CCI Pro

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