For the financial year 2011 - 2012 our company not taken benefit of the TDS in the books of account as well as in Income tax Return. Now the books of account are finalized and time period to file revise income tax teturn is over. Now my question is should we avail the benefits of the said TDS Amount or Not? Because, Its huge amount approx. Rs. 50,00,000.00. Please, guide??????? with example and related section code?
02 July 2013
for AY-12-13 you can revise the return 1 year from the date of return or completion of assessment year which ever is earlier. I think still time is there to revise the return if you filed with in due date