I am a salaried person, my employer has deducted tds for FY 2018-19 in 12 July 2019.
-When this amount will get updated in my 26 as?
-If no then can I claim this tds in my return.
Menu
TDS deposit
Replies (8)
it will take 3 to 5 business days to get credited in 26AS. you can't claim until your 26AS has credit balance.
If your taxable income is less due to other things or not claiming benefits under section 80, then you can claim refund of excess Income tax you already paid via tds
That means it will get updated even if deductor does not show in tds return
@ rawat employer has to show in his return to get updated
@ Ramaraju G what if employer does not show in his return or does not file for correction ?
if we think practically, he will pay tds to govt on 7th of following month from the month in which TDs has deducted. as you said your employer has deducted 12th July that means he will pay in Aug 7th. so you will get credited in Aug only i guess. this is my opinion only. hope it helps.
you will get the data of your TDS in 26 AS only after the filling of TDS return of 2nd qtr in October 2019.
You should file your return as per existing entries in 26AS before due date and pay taxes, further when your employer file tds return your 26 AS will be updated then you may revise your return and claim refund.
Recent Topic
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
Related Topics
CAclubindia
