Credit of TDS

[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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AI Summary

Assessee advised to claim TDS credit for AY 2012-13 using e-filing utility; consider appeal under Section 154 if denied. A company deducted TDS of 150,000 on an advance payment of 7,500,000 in February 2011 for the assessment year (AY) 2011-12. The assessee did not claim the TDS in AY 2011-12 as the income had not accrued, instead claiming it in AY 2012-13. However, the Assessing Officer (AO) denied the credit because the TDS was not reflected in Form 26AS for AY 2012-13. The query seeks advice on claiming TDS in AY 2012-13. The response suggests using the e-filing utility to specify the intended year for TDS credit and advises filing an appeal or application under section 154 if necessary.