Credit of TDS, Income Tax

[GOPAL HARLALKA]

(A company has deducted T.D.S. for ₹ 150000/-on advance payment on ₹ 75,00,000/- in Feb.2011 (A.Y. 2011-12) Assessee has not claimed T.D.S. in assessment year 2011-12 because income has not accrued in asseissment year 11-12. Assessee has claimed T.D.S. in assessment 12-13. Now A.O. is not giving credit of T.D.S. in assessment 12-13 because in form 26AS T.D.S. is not reflected. My query is how T.D.S. can be claimed in assessment year 12-13,

CA GOPAL HARLALKA

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Posts / Replies

[CA Parveen Gambhir]

It seems the tax return was filed manually. In e-filing utility there is a columm, where one can mention the year in which he/she intends to claim the TDS benefit for a particular credit. If, the relevant amount of income was declared in the A. Y. 2012-13 with corresponding TDS. The AO is duty bound to give credit for the TDS if he is assessing the income in the AY 2012-13 otherwise can file appeal or an application u/s 154.