20 February 2013
Original Income Tax Return for A Y 2008 - 09 filed within stipulated time on 30/09/2008, erroneously assesse Company did not claim any TDS credit in the return filed . Further no revised return was filed by the assesse company.
In the month of April 2011 it is noticed that assesse company did not claim any TDS credit for A Y 2008 - 09, a written application to give effect for the same is filed u/s 154 with ITO on 26/04/2011.
Can the same application be considered as revised return? if Not, how should i proceed to claim TDS credit for A Y 2008 - 09.
22 February 2013
Application u/s 154 can not be treated as revised return but you can file revized return before order passed under this section. If that return get processed u/s 143(1)then you can't claim tds on the basis of 154.
CAclubindia
