will we recd. credit for TDS

Dear sir

We recd. Hard Copy of TDS Certificate from our customer . In some case we found that there is a diffrence between hard copy of tds certificate recd. and e-e-tds return file by our customer . pls confim on which amount we get credit as per hard copy of certificate or as per E-tds retrun amount

 

Replies (5)

Hi Prakrut,

As far as I know, NSDL will check ur Tax Credit with database available to them.

Which amount has got deposited to Govt., you will get credit in respect of that amount only.

If anybody know, how to remove this inconsistency, plz let me also know.

 In my opinion, since you have the TDS cetrificate as hard copy, you have every right to claim TDS based on hard copy. U tell the ITO that it is the customers fault and that you have submitted details to satisfactory level. It is the headache between ur customer and IT dept. They will be liable for consequenses for wrongful Return preparation

you will get credit only the amount paid towards your PAN. you can check the amount paid towards your account as TDS with the new provisions in NSDL website. It requires you to fill a form and submit at your nearest UTI or NSDL franchise.

 Yes Prakut as far as I can understand, in E filing if there is any difference in TDS deducted (Hard copy) and TDS deposited with the bank the the TDS deposited witht he bank is the amount u can claim credit of not the certificate. SInce Certificate is given by a company or firm but Bank is a higher authority and thus, u should wait till the assessment as and when u fill up the ITR of u r own firm just mention the TDS details(as per the E TDS return) and submit the return and if the amount deposited is more than amount deducted then u can either fill up the same in the ITR or speak to the deductor and get the difference claimed and get fresh TDS certificate. These are the only viable solutions i can think of.

 

Have Phun.

Radhe Radhe. 

Originally posted by :Yogesh Shah
" Hi Prakrut,
As far as I know, NSDL will check ur Tax Credit with database available to them.
Which amount has got deposited to Govt., you will get credit in respect of that amount only.
If anybody know, how to remove this inconsistency, plz let me also know.
"

In case bank deducts TDS on interest earned on FDs & provides a TDS certificate showing interest earned & TDS deducted but does not file TDS properly ie in 26AS database the interest earned & TDS value do not match with the corresponding values in TDS certificate on whose basis ITR is filed, then if dedudtee gets credit for values shown in 26AS even though tax deducted is more than shown in 26AS. In this situation it is banks fault then why should the deductee/tax payer penalised even though he has not committed any mistake & its all bank's mistake. Values shown in TDS certificate issued by them & TDS filed by them must be identical? If TDS credit is not given then the total income must be reduced by income corresponding to which TDS credit is not given?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details