TaxTMI 
TaxTMI 
A pvt. ltd. co. has not claimed TDS credit while filing their I.T. Return for AY 2004-05.this was an accounting error as TDS entry was also not passed in the books. subsequently, at the time of Assessment proceedings u/s 143(3),submits original TDS cert.amounting to Rs.2,45,000/- in addition to other TDS cert.already claimed in & attached alongwith the Return. Assessing Officer refuses the claim & not giving Tax credit of this additional TDS CLAIM.Query is is AO supposed to accept & allow the claim? or Will have to file the CIT appeal? Kindly advise.
TDS claim
ASHISH DESAI
Company Misses TDS Credit Due to Error; Advised to Appeal to CIT for Resolution and Improve Accounting Practices. A private limited company failed to claim TDS credit while filing their income tax return for the assessment year 2004-05 due to an accounting error. During assessment proceedings, they submitted an original TDS certificate for Rs. 2,45,000, but the Assessing Officer refused the claim. The query seeks advice on whether the claim should be accepted or if an appeal to the CIT is necessary. The response suggests filing a CIT appeal as no other options are available for the previous period, and advises improving accounting practices to prevent future errors. (AI Summary)