Tax Alert: Carleton Management Ltd v. Director-General, MRA (ARC/IT/505-23)
The Revenue Tribunal has clarified the rules on Tax Deduction at Source (TDS):
TDS must be claimed in the same year it is deducted. If you claim late, you may lose the credit, even if you are entitled to it. You cannot rely on the MRA to automatically apply the credit for you. There is very limited flexibility for fairness — deadlines matter.
Key takeaway: Strong record-keeping and timely action are critical to protect your TDS credits.
