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TDS deducted in third year after bill ,is it okay ?

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Rahul Kumar

7 Points Posted on 19 December 2020

I raised bills to a party in fy17-18,but party deposited TDS and paid the bills in fy19-20, can I claimed that ,is there is no problem as the income of fy19-20 will be shown more in 26AS.

Replies (4)

Quick Summary

This discussion addresses a situation where TDS was deducted two years after the bills were raised. While you can claim the TDS, there might be a mismatch between your declared income and your 26AS statement. You'll need to provide documentation to explain this difference if a notice arises. Ensure the bill amount matches what's reflected in 26AS, accounting for any discrepancies in your current income declaration.

ayusmita

Tax consultant

5895 Points Posted on 19 December 2020

Do you show the bill income in fy 17-18?

Rahul Kumar

7 Points Posted on 19 December 2020

Yes we showed that

ayusmita

Tax consultant

5895 Points Posted on 19 December 2020

You can claim tds

But there will be a mismatch of income as per 26as and your as per your saying 26as will be more so notice will arise

And you just have to give proper answer with proof of documents to the notice

And just recheck the amount that you already taken in 17 -18 fy upon the bill and the bill amount that is shown in 26as is same or not if you shown less n now in 26 as showing more then deducted that much amount you shown allready and show the rest amount in your current income