I want to file a revised TDS return for the quarter ended 31st March 2008 to correct the following irregualarties :-
1) I have deposited a challan ( i.e the TDS amount) in July which relates to 31st March 2008 along with interest thereon but have not mentioned in the previous return.
2) I have deducted less TDS ie instead of 20%, 15% have been deducted ( TDS on Rent). As per the quary raised by my auditor I deducted and deposited the balance on july 08. Now how can i correct this, should i leave the amount paid/credited as required in tds return blank and write only the tds amount . will this be accepted or not. Please advise. ( I use WizinTDS software package)
14 July 2024
Regarding the process to correct these errors using WizinTDS software:
Challan Deposit: When filing the revised return using WizinTDS, ensure you include the challan deposited in July for the TDS amount pertaining to the quarter ending 31st March 2008. You should enter the details of the challan and the interest paid along with it.
Incorrect TDS Deduction: For the incorrect TDS deduction, update the TDS amount to reflect the correct deduction rate of 20% instead of 15%. In WizinTDS, overwrite the incorrect TDS amount with the revised and correct amount. Do not leave the amount paid/credited section blank; input the correct figures based on the rectification made in July.
Steps to follow:
Open WizinTDS and select the option to revise the TDS return for the quarter ended 31st March 2008. Enter the corrected TDS details for the rent payments made during that quarter, ensuring to specify the correct rate of 20%. Include the challan deposited in July 2008 and specify the interest paid, if applicable, for the TDS amount related to the quarter ending 31st March 2008. Ensure all entries are accurate and thoroughly reviewed before finalizing the revised return submission.
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