Hi,
Can anyone tell me whether one can carry forward TDS credit in case of losses?
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Urgent: carry forward of tds credit
Replies (3)
Dear Abhishek
In this case you have to claim refund of tds deducted by filing income TaX return. You can not carry fwd your tds credit relates to one fy to next fy
You cant carry forward TDS credit from one A.Y to next A.Y.In case of losses you have to file IT return and take refund of the tds amount. But you can carry forward losses of the current year to next year if provided.
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