TDS Credit Carry forward

One of my client has told me to urgently file his ITR for the current Financial year as he has to furnish the Last three years ITR in bank for loan purpose but the TDS credit is not reflecting in form 26AS till yet

My question is that if we filled the same by mentioning manually there might be a case of mismatch between TDS claimed nd reflected

So can I carried forward the credit for the quarter 4 to upcoming FY or I should file revise return & claim the Credits afterwards

Thanks & regards
Khush Trivedi
Replies (12)
Quick Summary
This discussion addresses an urgent need to file an Income Tax Return (ITR) for a client requiring past ITRs for a loan application. The primary concern is that TDS (Tax Deducted at Source) credit is not yet reflected in Form 26AS. Options discussed include filing the ITR with manually claimed TDS, potentially leading to a mismatch, or filing as per 26AS and claiming the remaining credit via a revised return later. The possibility of carrying forward excess TDS credit to the next financial year was also explored, with clarification that this is permissible if the TDS is available in 26AS.

If urgent matter u will file as per full tds taken rther than mismatched with 26 AS..later it  will update than mismatch not remain but can't carry forward in next year.

Okay sir thank you for the reply but can we Carry forward any TDS Credit in further FY in general matter ?
File as per your understanding and claim the credit manually.

later on revise it
Thank you sir

You can file as per 26AS tds credit and you could be claim remaining tds amount later with the help of revised return file.

 

Nice query having same issue
No the credit to be adjusted in that year.

Mr.Khush Trivedi,

 

File the ITR as per Your data.

After any mismatch then You can revise the ITR.

This is the simplest practice...

Originally posted by : Khush Trivedi
opening quote Okay sir thank you for the reply but can we Carry forward any TDS Credit in further FY in general matter ? closing quote

Yes, it's possible.

But, The TDS must be available in 26as and Assessee can be c/f the TDS to next AY if he have excess TDS credits.

Thankyou sir for the clarification
Originally posted by : Khush Trivedi
opening quote Thankyou sir for the clarification closing quote

 

You are most welcome...

Tds can claim carry forward

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