In schedule TDS, one is required to enter the head under which corresponding receipt has been offered. In some cases, TDS is deducted by the payer in current year, but corresponding income is to be offered in future years. How to fill up Schedule TDS in such cases?
FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
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TDS credit timing: do not claim 'in own hands' credit when income will be offered in a later year, form disables matching field. When tax is deducted at source but the corresponding income is to be offered in a later year, do not claim TDS credit under the 'in own hands' column for the year of deduction; doing so causes the 'Corresponding receipt offered' field to be greyed out and not require completion.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS credit timing: do not claim "in own hands" credit when income will be offered in a later year, form disables matching field.
When tax is deducted at source but the corresponding income is to be offered in a later year, do not claim TDS credit under the "in own hands" column for the year of deduction; doing so causes the "Corresponding receipt offered" field to be greyed out and not require completion.
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