Tds query

I have a Tds Certicate for a rent reciept but this has not reflected in the 26AA form. The TDS certificate is dated July-2012. Can we claim this TDS?

If this certificate is not traced then is there any penality applicable?

Replies (3)

Check the return on tdscpc.gov.in
The TDS certificate are now being issued by TDC CPC authorities bearing a certificate # as per there records.I think the person providing u has not filed the return or has not issued the same using the procedure to issue the same by TDS authorities.

If the person who has given us the certificate has not filed properly then what can be done now?

If we claim the tds now and its not traced and we have to pay the tax. Is there any penality payable on the tax payable later?

You need to first confirm with your Deductor about the correctness of your claim. Whether the deductor has filed etds return properly. etc. And has he issues a Form 16A in this regard.  you can claim TDS without much risk.

even If the deductor has not filed etds return after deducting it, still you can claim your TDS. But you will get your TDS credit in your account only after the processing of your deductor's etds return. Nothing to worry, the TDS mismatch notice shall be served on both the deductor and assessee. So your form 16A is sufficient to claim refund. It is the deductor who would be required to pay interest or any penalty in this regard.

So you can claim your TDS. If you do not claim it now you can not claim it later. Because after you have filed your return, you are not going to edit it.

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