| Question And Answer | |
|---|---|
| Subject: | Income tax about TDS credit |
| Category: | Income-Tax |
| Querist: | Harsh Keshri |
| Answered by: | Law Intern |
| Tags: | TDS, TDS credit |
| Date: | August 2, 2025 |
In a case where the TDS credit is reflected in Form 26AS but the corresponding TDS amount has not been accounted for in the books of accounts in the current year and is instead accounted for in the next year,
let’s understand this with an example:
The TDS credit is claimed in FY 2020-21 while filing the income tax return, and the same credit is reflected in Form 26AS for FY 2020-21.
However, the TDS is recorded in the books only in FY 2021-22.
The question is: In which year is it legally and logically correct to claim the TDS credit?
TDS credit has to be claimed in the same year in which the corresponding income is assessable. How it is recorded in the books is irrelevant.
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