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TDS credit for previous year

TDS 257 views 3 replies

If the assessee has not deducted TDS on purchase of immovable property for A.Y 2019-20 and is liable to deduct tax, can he claim TDS credit for A.Y 2019-20 if TDS is deposited on August 2020

Replies (3)

If TDS is deposited on August, 2020 with interest for A.Y 2019-20,(i.e Deposited late by purchaser, but Filed / reflected in A.Y 2019-20) than seller can claim TDS in A.Y 19-20.

Check 26AS of seller,in which year it's reflecting ?

if the seller has not claimed TDS is it possible to revise the return to claim the credit?

Yes, For A.Y 2019-20 seller can revise his/her return up to 30th September, 2020.

Note: Before filiing revised return check that TDS Credit is duly reflecting in 26AS of seller in A.Y 2019-20.


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