Tds credit of previous year

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Can we claim tds deduction of fy 18 19. in fy 19 20?. If yes what is the period limit?.
Replies (7)
Usually you have to claim as per AY of 26AS

Have you shown income related to TDS in FY 2018-2019

You can still file revised return for FY 2018-2019 and claim TDS simply. No need to take it to next year.

Why do you want to claim in FY 2019-2020 ?

Yes, it can be claimed in next AY provided the corresponding income offered to assessment in that particular year.

My customer revised his tds return n shown tds to my pan, by that time my 1819 return processed. income i m showing in fy 1920.
No issues. Even if your return is processed, you can still file revised return for FY 2018-2019 (relating to AY 2019-2020) upto 31-3-2019 (without any late fee) and claim left out TDS amount.

This revised return will be assessed again and refund will be granted to you.

Do not mess up by carrying to next year.
I dont want to revise. can i claim it in 19 20?
No, you can not claim it in fy 19 20

 

No, As per Income Tax rules, TDS of one financial year should be claimed in that FY only. If you forget to claim TDS in that FY then you’ll lose the benefit of that and you have to pay additional Tax.

However, In any case if you forget to claim TDS in your ITR then you have to file Revised return of same financial year and must claim TDS in that only. Revised return can be filed before 31st March.


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