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New version of GSTR-4 offline tools (V2.1) is now available on GST portal

New version of GSTR-4 offline tools (V2.1) is now available on GST portal 10/04/2018 For preparing your GSTR-4 for the 4th...

Sunday, May 27, 2012

CBDT INSTRUCTION ON GRANT OF TDS CREDIT FOR AY 2011-12

CBDT INSTRUCTION ON GRANT OF TDS CREDIT FOR AY 2011-
Instruction No. 4/2012 [F. No. 225/34/2011-ITA.II], dated 25-5-2012

The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard:

(i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification.

(ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification.

(iii) Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed.

(iv) In all other cases TDS credit shall be allowed after due verification.

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