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Tds credit not claimed in previous years

TDS 642 views 1 replies

Assessee Bank did not claim credit of TDS for AY 2005-06, as it received the TDS certificates only in the next year...

Neither it declared that income, nor it claimed credit for TDS deducted.

So, now what option does it have?...Because at the time of processing of return, the income has been added to the income of the Bank, but the credit of TDS is disallowed...An appeal is pending in the said case.

Replies (1)

Since an appeal is pending it is hoped that CIT(Appeals) will give credit of TDS though it is not claimed in the ITR by the payee. More so when the income is added back.

Regards,


CCI Pro

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