Tds credit

[MANISH SHARMA]

1.)For which no. of year, we can claim the credit of TDS (excluding the current year)? 2.)Can we claim the credit of TDS for the financial year 2006-07 in the ITR for Financial year 2008-09. 3.)Please provide any circular or notification of such.

AI Summary

TDS Credit Claimable in Year Income Declared Taxable, Not for Previous Years Like 2006-07 in 2008-09 Return. A user inquired about the timeframe for claiming Tax Deducted at Source (TDS) credit, specifically asking if TDS for the financial year 2006-07 can be claimed in the Income Tax Return for 2008-09, and requested any relevant circulars or notifications. The response clarified that TDS credit can be claimed in the year the income, on which TDS was deducted, is declared as taxable income.