TDS credit on compulsory-acquisition compensation is tied to the assessment year in which the deduction is reflected in Form 26AS. Tax deducted during FY 2022-23 and reflected for AY 2023-24 cannot be claimed for AY 2024-25. The procedure under section 155(20), Rule 134 and Form 71 does not alter that factual alignment; any entitlement for AY 2023-24 remains subject to independent adjudication.
TDS credit on compulsory-acquisition compensation is tied to the assessment year in which the deduction is reflected in Form 26AS. Tax deducted during FY 2022-23 and reflected for AY 2023-24 cannot be claimed for AY 2024-25. The procedure under section 155(20), Rule 134 and Form 71 does not alter that factual alignment; any entitlement for AY 2023-24 remains subject to independent adjudication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
