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TDS Credit

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Facilitating TDS credit for income already disclosed in return of income of past years

Income Tax : Learn how the new Income Tax Rule 134 and Form 71 offer relief for taxpayers facing TDS credit mismatch. Discover the procedure, b...

September 8, 2023 11442 Views 3 comments Print

TDS Rates, Compliances and their impacts for FY 2023-24 onwards

Finance : Navigate TDS rates and compliances for FY 2023-24 onwards. Learn about TDS payment due dates, late fees, interest, penalty, prosec...

April 3, 2023 2748 Views 0 comment Print

How can we check our TDS Credit?

Income Tax : We are always worried about the fact that whether our TDS deductor/collector has filed quarterly TDS/TCS statement and provided ou...

May 10, 2020 22425 Views 0 comment Print

Check TDS credit status online

Income Tax : The consolidated annual tax statement in Form 26AS is now available to PAN holders. The endeavour is to streamline and synchronise...

March 27, 2020 115838 Views 128 comments Print

Check TDS/TCS tax credit in form 26AS & reason for mismatch

Income Tax : If you are a taxpayers, you need to check your Form 26AS to ensure the tax deducted at source (TDS) is reflected correctly in the ...

August 11, 2018 58110 Views 16 comments Print


Latest Judiciary


Once income is shown the assessee has every right to get credit of TDS

Income Tax : ITAT Delhi held that if the assessee has shown the income, then, the assessee has every right to get credit of TDS even if deducto...

July 17, 2023 1704 Views 0 comment Print

TDS Credit on House Property Sale allowed to HUF despite deduction in Individual Account

Income Tax : ITAT Mumbai rules in favour of Anant Singhania HUF, allowing TDS credit for sale of housing property. The landmark decision provid...

July 15, 2023 957 Views 0 comment Print

TDS Credit eligible in Assessment Year Corresponding to Income Assessment

Income Tax : ITAT Chennai held that as per the provisions of Sec.199(3) of the Act r.w.r.37BA(1) of the Income Tax Rules, 1962, credit for TDS ...

June 14, 2023 1248 Views 0 comment Print

TDS credit available to Rinfra as both income and TDS credit is transferred by AEML to Rinfra

Income Tax : ITAT Mumbai held that genuine TDS credit to Rinfra cannot be denied merely because credit of TDS didn’t reflected in Form 26AS a...

June 8, 2023 600 Views 0 comment Print

Credit of TDS shall be given for assessment year for which income is assessable

Income Tax : Section 199 of Income-tax Act r.w. rule 37BA(3) provide that credit of TDS shall be given for assessment year for which income is ...

April 23, 2023 1401 Views 0 comment Print


Latest Notifications


TDS credit to be allowed if difference with AS-26 do not exceed Rs. One lakh

Income Tax : Instruction No. 01/2012 The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considere...

February 4, 2012 13418 Views 0 comment Print

Guideline for issue of credit of TDS claimed when TDS not Matching with 26AS for returns of A.Y. 2010-11

Income Tax : INSTRUCTION NO. 2/2011 The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by ...

February 14, 2011 44546 Views 0 comment Print


Latest Posts in TDS Credit

Facilitating TDS credit for income already disclosed in return of income of past years

September 8, 2023 11442 Views 3 comments Print

Learn how the new Income Tax Rule 134 and Form 71 offer relief for taxpayers facing TDS credit mismatch. Discover the procedure, benefits, and limitations of Form 71, allowing you to claim TDS credit for income declared in previous assessment years, even if the TDS was deducted in subsequent financial years. Stay informed to avoid missing the window for claiming TDS credits.

Once income is shown the assessee has every right to get credit of TDS

July 17, 2023 1704 Views 0 comment Print

ITAT Delhi held that if the assessee has shown the income, then, the assessee has every right to get credit of TDS even if deductor has deducted tax in subsequent A.Y.

TDS Credit on House Property Sale allowed to HUF despite deduction in Individual Account

July 15, 2023 957 Views 0 comment Print

ITAT Mumbai rules in favour of Anant Singhania HUF, allowing TDS credit for sale of housing property. The landmark decision provides clarity on tax deductions and credits.

TDS Credit eligible in Assessment Year Corresponding to Income Assessment

June 14, 2023 1248 Views 0 comment Print

ITAT Chennai held that as per the provisions of Sec.199(3) of the Act r.w.r.37BA(1) of the Income Tax Rules, 1962, credit for TDS shall be given for assessment year for which such income is assessable.

TDS credit available to Rinfra as both income and TDS credit is transferred by AEML to Rinfra

June 8, 2023 600 Views 0 comment Print

ITAT Mumbai held that genuine TDS credit to Rinfra cannot be denied merely because credit of TDS didn’t reflected in Form 26AS as on account of transfer of business, Adani Electricity Mumbai Ltd. (AEML) transferred the income and TDS credit to Reliance Infrastructure Ltd. (Rinfra).

Credit of TDS shall be given for assessment year for which income is assessable

April 23, 2023 1401 Views 0 comment Print

Section 199 of Income-tax Act r.w. rule 37BA(3) provide that credit of TDS shall be given for assessment year for which income is assessable

AO cannot deny TDS credit of Income considered for taxation

April 19, 2023 1350 Views 0 comment Print

Assessing Officer cannot accept the income for tax purpose and refuse to allow credit of corresponding TDS. Both must go hand in hand.

TDS Rates, Compliances and their impacts for FY 2023-24 onwards

April 3, 2023 2748 Views 0 comment Print

Navigate TDS rates and compliances for FY 2023-24 onwards. Learn about TDS payment due dates, late fees, interest, penalty, prosecution, and applicable rates for various transactions. Stay informed to ensure seamless compliance.

TDS credit cannot be denied for non-furnishing of declaration u/r 37BA(2) while clubbing of income

February 28, 2023 6159 Views 0 comment Print

ITAT Pune held that mere non-furnishing of declaration to the bank in terms of proviso to rule 37BA(2) of the Income Tax Rules, the amount of tax deducted at source on interest on bank deposit cannot be disallowed while clubbing of the income.

TDS credit denial merely because the same is in the name of deceased person unsustainable

February 28, 2023 1455 Views 0 comment Print

ITAT Amritsar held that as income of the deceased person offered to tax, credit of TDS cannot be denied merely because it appears in the name of deceased mother. A particular income cannot be taxed twice under the law.