Can the TDS reflected in Form 26AS be adjusted against the tax payable under the Vivad Se Vishwas Scheme (VSVS) 2024 if the taxpayer has not filed a return and the assessment order under Section 147 has been appealed before the CIT(A)?
It is observed that the VSVS form includes fields only for tax payment details (such as challan number and BSR code) but lacks a specific field for TDS credit, raising questions about the eligibility of TDS adjustments in this scenario.
Could anyone please clarify this?
TDS in Form 26AS cannot offset tax payable under Vivad Se Vishwas Scheme 2024 if return not filed. A user inquired whether Tax Deducted at Source (TDS) reflected in Form 26AS can be adjusted against tax payable under the Vivad Se Vishwas Scheme (VSVS) 2024 when a taxpayer has not filed a return and the assessment order under Section 147 is under appeal. The concern arises due to the VSVS form's lack of specific fields for TDS credit, only including fields for tax payment details. A respondent opined that such an adjustment is not possible under the current scheme guidelines. (AI Summary)
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