tds not claimed last year

hii everyone

can any 1 solve my query:

one person took unsecured loan in 08-09 and charged interest on it and accordingly deducted tax and deposited it with govt. But the person giving the loan didn't claimed the tds benefit neither booked the interest income in F.Y. 08-09 but had filed his ITR within due date.

so the person giving the loan can book his income in F.Y. 09-10 and claim the tds on such interest income which was not claimed in F.Y. 08-09???

please reply with your valuable comments.its urgent..

thanx

Replies (3)

No he cannot claim the TDS

Pl note that TDS claim must be made in the year in which the income pertaining to it is taxable. If, inadvertently the income is not declared - filing a revised return is an option. However, ensure that the time limit for filing the revised return is not over. In any case, one year's TDS cannot be claimed in the subsequent year.

u can file the revised return for that year and u can claim the tds credited to his account..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details