Zen IT || Claim Other Person TDS Amount as per Rule 5A/37BA (2)
How to Claim Another Person's TDS Amount as per Rule 5A/37BA(2)
This process allows you to claim TDS (Tax Deducted at Source) credited to another person’s account as per Rule 5A/37BA(2). Follow these steps to claim the TDS:
Step 1:
Go to Transaction >> Tax Details:
Step 2:
Enter TDS Details:
Input the TDS details manually in the Tax Details section.
- Select the appropriate Sections.
- Ensure that you select "Other PAN" in the "Tax Credit" field, indicating that the TDS pertains to another person's account.
- Click on "TDS Deducted as per 5A or 37BA(2)" and then enter the details of the individual in whose account the TDS was originally deducted.
- Enter the TDS Credit amount in the "Amount Claimed in Own Hands" option.
- Enter the TDS Deduction Year, select the Heads of income from the dropdown menu, and then click "Save the Entry."
To transfer TDS to another person as per 5A/Rule 37BA(2), please follow the knowledge base provided: Click here to follow.
Following these steps allows the TDS deducted from another person’s account to be reflected as a claimable amount in your account, as per tax guidelines.
Hope This Helps.
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