{"id":57655,"date":"2026-01-26T16:44:12","date_gmt":"2026-01-26T11:14:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=57655"},"modified":"2026-01-26T16:44:12","modified_gmt":"2026-01-26T11:14:12","slug":"credit-of-tds-deducted-u-s-194q-of-i-tax-act-1961","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/credit-of-tds-deducted-u-s-194q-of-i-tax-act-1961\/","title":{"rendered":"Credit of TDS deducted U\/S 194Q of I.Tax Act 1961"},"content":{"rendered":"<p>Seller has received Advance of Rs.10 Crores from Buyer on 29-03-2025 as advance against supply of goods. On the said sum Buyer has deducted TDS of Rs.95000 u\/s 194Q.The said amount of TDS is appearing in 26AS of Buyer.<\/p>\n<p>1-Whether Seller can claim credit for\u00a0 TDS in his ITR for Asst. Year 2025-26 when goods are supplied in next financial\u00a0 year i.e in April 2025.<\/p>\n<p>2-Whether Seller can claim credit for\u00a0 TDS\u00a0 of Rs. 95000 in his ITR for Asst. Year 2025-26 when the whole amount of Advance (net of TDS of Rs. 95000)is returned to Buyer in April 2025 and thereafter there is no dealing between Seller and Buyer.What will be the fate amount of TDS.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[1281,544,229],"class_list":["post-57655","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-section-194q","qa_tag-tds-deducted","qa_tag-tds-u-s-194q"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/57655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=57655"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=57655"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=57655"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=57655"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=57655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}