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TDS Credit

Latest Articles


eTDS Return Corrections – An Overview

Income Tax : Understand eTDS return corrections, the six-year revision limit, and challenges in claiming TDS credit. Learn how tax adjustments ...

March 4, 2025 1668 Views 3 comments Print

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 22563 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 3168 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 22578 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 116399 Views 128 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 489 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 3936 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 465 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 816 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 2217 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 13643 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 44669 Views 0 comment Print


TDS credit of employee cannot be rejected for non-payment of TDS by employer to government

December 3, 2022 5622 Views 0 comment Print

ITAT Delhi held that it is an admitted fact that TDS is deducted from the salary and the same is not deposited, Governments claim of TDS stands satisfied under CRP. Hence, non-payment of deducted tax by the employer cannot be ground for rejection of TDS credit to the employee.

Furnishing of supporting evidence mandatory to claim TDS credit in absence of TDS certificate

August 24, 2022 2679 Views 0 comment Print

Held that in absence of TDS certificate, assessee has to furnish any other evidence to support deduction of tax at source by the payer of income. TDS credit denied for failure to furnish any other supporting evidence

TDS credit, not eligible in the year under consideration, allowed in the year tax deducted

June 18, 2022 2838 Views 1 comment Print

Held that if assessee is not eligible for credit in the year under consideration then credit for the same should be allowed in the year in which tax has been deducted by the deductor.

Cash system vis-à-vis TDS credit adjustable in the year of receipt

June 17, 2022 1479 Views 0 comment Print

Chirag M. Shah Vs ITO (ITAT Ahmedabad) It is observed that it is crystal clear that there are provisions under the IT Act; namely, section 199 of the IT Act, 1961 and Rule 37BA of the IT Rules, 1962 and the proper mechanism is also provided under the Act and Rules. Thus, respectfully following the […]

How can we check our TDS Credit?

May 10, 2020 22578 Views 0 comment Print

We are always worried about the fact that whether our TDS deductor/collector has filed quarterly TDS/TCS statement and provided our PAN while filing the TDS/TCS return. NSDL has recently launched a facility to enable deductee to know whether or not his TDS deductor/collector has filed quarterly TDS/TCS statement and provided his PAN while filing the TDS/TCS return.

Check TDS credit status online

March 27, 2020 116399 Views 128 comments Print

The consolidated annual tax statement in Form 26AS is now available to PAN holders. The endeavour is to streamline and synchronise the tax paid/deposited under each PAN and identify and resolve discrepancies, if any, at an early stage. Discrepancies could arise due to reasons like incorrectly quoted PAN/non-filing of TDS returns/non-deposit/lower deposit of taxes by the deductor, and can be identified and resolved at an early stage.Income tax department has put in place a facility to enable taxpayers to view their tax credits online or through the internet.

TDS Credit eligible in year in which Assessee shows relevant Income despite credit appearing in 26AS of next Year

September 20, 2019 5847 Views 2 comments Print

The issue under consideration is whether TDS will be granted in the year in which assessee has recorded the corresponding income even if the deposit of TDS is in next financial year?

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

August 11, 2018 60360 Views 16 comments Print

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 income tax records. Form 26AS is a consolidated tax statement issued under Rule 31AB of the Income Tax Rules to PAN holders. This statement will include details of:

TDS can be granted only in year in which income on which such TDS is assessable to tax

December 21, 2017 19680 Views 1 comment Print

As per Section 199(3) of Income Tax Act, 1961 read with Rule 37BA(3)(i) and (ii) of Income Tax Rules, 1962 TDS can be granted only in the year in which the income/receipt on which such tax deducted at source is asses sable to tax.

TDS Credit cannot be denied on the ground of Form 26AS mismatch

June 3, 2014 23263 Views 9 comments Print

Respondents have denied refunding the TDS on the ground that the refund would only be granted when the TDS matches with the details mentioned in Form 26AS. Since the mismatching is not attributable to the assessee and the fault solely lay with the deductor, we find that a case has been made out for grant of a mandamus for refund of the TDS amount.

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