Unclaimed TDS credit

[sathish k]

Hi experts,

My assessee has Professional Income of 10lakhs and TDS credit of Rs.85000 for FY 2020-21 / AY 2021-22. He has not filed return until now due to some medical situation from Covid for him and his family. Now when I tried to raise condonation request but the same is not accessible in the portal.

Im trying to file the Updated return under sec 139 (8A) by offering 10lakhs income under 44ADA and 5lakhs as Gross Total income. so there wont be any tax liability. since refund cannot be claimed U/s 139(8A) I tried to carry forward TDS credit alone to next year.

Now can I File the return u/s 139(8A) by offering only income and carry forward TDS credit and in AY 2022-23 can I claim refund of such TDS without offering gross receipts, since the same is offered in AY 2021-22 itself ?

Kindly help me to claim the refund through the available means and procedure.

Thanks.

[DR.MARIAPPAN GOVINDARAJAN]

In my view you can file updated return. Please try for the same. If any trouble comes please inform. We will try to rectify the same.

AI Summary

Unclaimed TDS credit: filing an updated return under 139(8A) to preserve credit and pursue later refund. A taxpayer seeks to preserve unclaimed TDS credit by filing an updated return under 139(8A), declaring professional income under the presumptive scheme so no tax is payable, and carrying forward the recorded TDS credit because refunds cannot be claimed under that updated return; the adviser recommends filing the updated return to record and preserve the credit and to seek assistance if portal or filing issues occur.