Step-by-Step Guide: How to Carry Forward TDS in Income Tax Return

Learn how to effectively carry forward TDS in your income tax return with this easy-to-follow guide.

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To carry forward TDS (Tax Deducted at Source) in your income tax return, follow these steps: 1. Login to the income tax e-filing portal. 2. Go to 'My Account' and click on 'View Form 26AS'. 3. Verify the TDS details from Form 26AS. 4. While filing the ITR, report the TDS details in the 'TDS' section. 5. If you have TDS carried forward from previous years, mention it accurately under 'Other Information'. 6. Submit your ITR and save the acknowledgment.**

FAQs & Answers

  1. What is TDS in income tax? TDS stands for Tax Deducted at Source. It's a means of collecting income tax in India, where the tax is deducted at the point of income generation.
  2. How can I check my TDS details? You can check your TDS details by logging into the income tax e-filing portal and viewing Form 26AS under 'My Account'.
  3. Why is it important to carry forward TDS? Carrying forward TDS ensures that you receive credit for taxes deducted from your income, which can reduce your total tax liability when filing your income tax return.
  4. Can I carry forward TDS from previous years? Yes, you can carry forward TDS from previous years. It's essential to mention it accurately in the 'Other Information' section while filing your income tax return.

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