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Unclaimed TDS of previous years.

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sukhwani keyur

351 Points Posted on 15 September 2021

Can unclaimed TDS of last 3 financial years can be claimed in current financial year?
If yes, then where to show income of that financial year and whether it will be considered in total income of current year ?

Replies (5)

Quick Summary

This discussion addresses claiming TDS (Tax Deducted at Source) from previous financial years. It clarifies that unclaimed TDS can generally be claimed in the current financial year if the associated income is offered to tax in the current year, even if it wasn't declared previously. However, the exact procedure and implications depend on the specific circumstances and whether the income was offered to tax in earlier assessment years.

JGM

Knowledge Sharer

285 Points Posted on 15 September 2021

Did you offer the income to tax in earlier year? As per section 199 of the Income-tax Act, 1961, the TDS can be claimed in the year in which the income is offered to tax. If the income was not offered to tax in earlier year and you are offering the income to tax this year, you can claim it in this year. However, please note that appropriate steps can be evaluated once entire facts are clear

Rajeev Goel

27 Points Posted on 16 December 2021

I have unclaimed TDS of previous years., but forgot to carry forward the same while filing ITR last year. please advise how can it be claimed now.last year iTR has been assessed