Revised Return

[Rudrayani Shedjale]

Hello

if we are doing revised return of non salary -26Q of previous years i.e.f.y.2014-15, 2015-16, in which we are making changes in pan number of deductee & if the particular deductee has already filed his income tax return for that period, can he get the credit of that tds amount now??

please advise.

[Ganeshan Kalyani]

In my view income tax officer will refer 26AS while arriving at the refund to be payable by the department.

[Rudrayani Shedjale]

ok. thanks for the information.

[Rudrayani Shedjale]

but sir if tds of f.y.2014-15 credited in his account in f.y.2017-18, it will reflect in which year's 26AS? F.y. 2014-15 or F.Y. 2017-18?

AI Summary

TDS credit: entitlement depends on reflection in Form 26AS when assessing refunds after filing revised returns.
Query whether a deductee who has already filed a return will obtain TDS credit when a payer files revised TDS returns correcting the deductee's PAN for earlier years. The respondent stated that the assessing officer will refer to the deductee's Form 26AS when determining refunds or credits; a follow-up asked which year's Form 26AS would reflect a TDS amount credited in a subsequent financial year, but no definitive answer was given.