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TDS Credit

Latest Articles


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 19977 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 3111 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 22545 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 116294 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 59943 Views 16 comments Print


Latest Judiciary


Actual Turnover of Licensed Chillies Commission Agent is Gross Commission Charged: ITAT Vishakhapatnam

Income Tax : Tribunal in the case of Yegneswari General Traders vs. ITO has held that based on CBDT circular no. 452 it is clear that Kaccha Ar...

November 27, 2024 360 Views 0 comment Print

CSR Expenditure’s Mandatory Nature Doesn’t Justify Section 80G Disallowance

Income Tax : Explore crucial rulings in case of Interglobe Technology Quotient Pvt Ltd vs ACIT (ITAT Delhi) regarding CSR expenditure disallowa...

June 4, 2024 3771 Views 0 comment Print

CRM Services Receipts Not Taxable as Royalty or FTS: ITAT Delhi

Income Tax : In the case of Salesforce.com Singapore Pte Ltd. vs ACIT, ITAT Delhi ruled that receipts from CRM services aren't taxable in India...

June 4, 2024 438 Views 0 comment Print

ITAT Mumbai allows TDS credit despite income not being taxable in India

Income Tax : Even if income of Non-resident on which tax is deducted, is not taxable in India, credit is to be given for TDS on such income and...

May 5, 2024 738 Views 0 comment Print

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 2097 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 13562 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 44657 Views 0 comment Print


Latest Posts in TDS Credit

Actual Turnover of Licensed Chillies Commission Agent is Gross Commission Charged: ITAT Vishakhapatnam

November 27, 2024 360 Views 0 comment Print

Tribunal in the case of Yegneswari General Traders vs. ITO has held that based on CBDT circular no. 452 it is clear that Kaccha Arahtias turnover includes only the gross commission and not the sales effected on behalf of their principals.

CSR Expenditure’s Mandatory Nature Doesn’t Justify Section 80G Disallowance

June 4, 2024 3771 Views 0 comment Print

Explore crucial rulings in case of Interglobe Technology Quotient Pvt Ltd vs ACIT (ITAT Delhi) regarding CSR expenditure disallowance and TDS credit allowance, along with detailed analysis.

CRM Services Receipts Not Taxable as Royalty or FTS: ITAT Delhi

June 4, 2024 438 Views 0 comment Print

In the case of Salesforce.com Singapore Pte Ltd. vs ACIT, ITAT Delhi ruled that receipts from CRM services aren’t taxable in India as royalty or FTS under the Income-tax Act or India-Singapore DTAA.

ITAT Mumbai allows TDS credit despite income not being taxable in India

May 5, 2024 738 Views 0 comment Print

Even if income of Non-resident on which tax is deducted, is not taxable in India, credit is to be given for TDS on such income and excess TDS is to refunded to taxpayer.

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

September 8, 2023 19977 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 2097 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 1155 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 1371 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 720 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 1629 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

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