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Tds not claimed

swati bajaj (service) (42 Points)

08 March 2013

For A.Y 20011-12 i filled my individual return on march 2012,in which i failed to claim TDS deducted on interest .My income was below taxable limit .now can i claim that TDS throught any means via.revised return (my return was belated so it can not be revised) or through rectification of mistakes u/s 154...

what are the remedeis available to me.pls guide me on this.

what is the procedured for that

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7 Replies

Ankit (CA, CS) (3064 Points)
Replied 08 March 2013

Dear Swati,

For A Y 11-12, returu was to be filed by 31 July 2011 and since you have filed in March 2011, you were on time and thus you can revise the return..

154 is not applicable in your case..

But how come you have file the return in March 2011..(before the end of the financial year)

but if it is filed in march 2012, you cannot revise now..

swati bajaj (service) (42 Points)
Replied 08 March 2013

sorry Ankit i filled my return on march 2012..so m not eligible of revised return..so now what should i do to claim that TDS..

Thank you for reply

Ankit (CA, CS) (3064 Points)
Replied 08 March 2013

Swati,

I have sent you a Pvt. Msg...

pls check

Santosh Mishra (AM) (1135 Points)
Replied 08 March 2013

Originally posted by : Ankit
	Swati, I have sent you a Pvt. Msg... pls check

Hi Ankit

This is a public forum, request you to share the information you have here as well, so that other can also gain knowledge from your experience.

vinay hingu (hard work is key to success) (165 Points)
Replied 08 March 2013

rectification u/s 154 will be allowed for such mistake

Jafar Ahmad Khan (CA & CS Final) (131 Points)
Replied 11 March 2013

Dear Swati

If an assessee failed or forgot to claim tax refund (TDS) then he/she shuold to worry about this. In next Assessment year while filing return of income he/she can claim tax refund of old A.Y. giving particulars of such TDS like TAN, Name of Party who deducted, Amount Paid/credited,Date of Payment and Financial year in which deduction has made.
But one thing to note that TDS related income has been shown in old A Y in which mistakenly tax refund wasn't claim so that any tax evasion matter wouldn't arise.

Thanks