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Question ID : 42289


A cooperative Bank has deducted TCS of a Society in F Y 20-21 and since it was not visible in 26AS/AIS It could not be claimed. Now we learn that Bank had deducted TCS for FY 2019-20 during 2020-21 and filed revised TDS Returns during 2020-21 for 2019-20 Financial year. Asessments of FY 2019-20 and 2020-21 are already completed. In these Circumstances How to claim TDS.

Posted by Mahesh Kumar on May 21, 2022


Answer ID : 81502

As your assessments are completed so you cannot take any action through the return. However, you can file an online grievance with the income tax department and if they take any action then some thing may happen. Alternatively, you can approach to the commissioner (appeals) informally and take guidance on the subject from him and accordingly you may move ahead. Finally, if the appropriate authority is allowing to condonation of delay in filing the appeal against the assessment completed by the department then you can make an appeal to the appropriate authority. But every thing is dependent upon how bigger is the amount of TDS?

Posted by CA. JHA SHANKAR KUMAR on May 22, 2022