INCOME TAX - Credit of TDS

CBDT Directive Regarding Grant Of TDS Credit In Mismatched Cases 

• Pursuant to the judgement of the Delhi High Court in Court on Its Own Motion vs. UOI 352 ITR 273,
• the CBDT has issued Instruction No. 5/2013 F.No.275/03/2013-IT(B), dated 8.07.2013
• stating that:
• When an assessee approaches the AO
• with requisite details and particulars in the form of TDS certificate
• as evidence against any mismatched amount,
• the AO will grant credit of TDS to the assessee
• after ascertaining whether
• the deductor has made payment of the TDS to the Government.

  For a copy of the Instructions click here