Tax dept denies Rs 73 lakh TDS credit as taxpayer, being unaware, did not claim it in ITR; ITAT Mumbai gives relief to taxpayer

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS credit shown in Form 26AS. This decision came after a taxpayer ...
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Deadline to claim pending TDS credit for FY 2007-08 till Q3 FY 2017-18 is March 31, 2025; do this now to file a TDS correction statement

March 31, 2025 is the deadline for filing correction statements of tax deducted at source (TDS) returns for FY 2007-08 to Q3 of FY 2018-19. This deadline is important for those individual taxpayers ...
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ITAT Chennai Allowed TDS Credit in Year of Receipt Due to Cash Accounting System

The Tribunal held that where income is offered to tax on receipt basis, TDS credit must be granted in the same year despite timing differences arising from accrual-based deduction by ...