ITR filling missed F.Y 2024-2025.

[milan bamal]

My FIRM is ABC

I deduct TDS Amount-50,000 on services and deposit and file my FIRM TDS Return 24-25,

I Filled my Audited Income tax Return 24-25.

The person whose TDS I had deducted could not file the ITR for FY 2024-25, and the TDS refund was missed.

What is the solution now so that the TDS I deposited gets credited to him

 

[SUSHIL BANSAL]

File update ITR in which claim the TDS and carry forward the same & then claim the TDS in next FY ITR

AI Summary

TDS credit claim: file an updated ITR to record deposited TDS and carry forward the unclaimed credit to next year.
A payee whose TDS was deposited but who did not file the income tax return should file an updated income tax return to record the deposited TDS so the credit appears on the payee's record; if not claimable in that year, the unclaimed TDS may be carried forward and claimed in the next year's income tax return.