A ltd availed professional service from B ltd in FY 2016-17 & failed to deduct & pay TDS. But at the time of tax audit A ltd deducted & paid the TDS. But B ltd already finalised the audit & uploaded the return, Now B ltd denies to revise the return.
Question -
Whether B ltd can claim TDS of AY 2017-18 in AY 2018-19?
Please guide.
Thank you in advance.
"Whether B ltd can claim TDS of AY 2017-18 in AY 2018-19?"
Yes, only if TDS claimed and carried forwarded by revised return for AY 2017-18.
As per Sub Rule (3) of Rule 37BA:
(3) (i) Credit for tax deducted at source and paid to the CentralGovernment, shall be given for the assessment year for which such income isassessable.
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