DOES TDS CERTIFICATE EXPIRE

Querist : Anonymous (Querist) 26 March 2011 This query is : Resolved
I had invested a small amount in a private company fixed deposit. At the time of redemption, even after submitting PAN and form 15G, TDS was deducted .

As I am not earning more than one lakh 60 thousand annually, so I do not file income tax return.

Can I hold the TDS CERTIFICATES at home with me so as to claim the refund after few years when I believe my annual income will become taxable and I will have to file IT return compulsorily.

Just like a cheque expires after six months from writing it, can TDS certificate also expire after a stipulated time period or refund can be claimed few years later ??

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Guest (Expert) 27 March 2011
TDS is valid for the particular assessment year of income and tax only. So, you can claim tax refund only after submitting return for that particular assessment year only.

MUKESH SHARMA (Expert) 27 March 2011
same as per PS Dhingra advise

soumitra basu (Expert) 02 April 2011
You are requested to submit income tax return for the particular financial year for which tax was deducted and claim the refund, if any.