TDS Revised Return

This query is : Resolved

jatinderkumar (Querist)
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27 August 2008 respected sir ,
my query is that whether we can revised return of TDS,

as currently we r conducting the audit of parties, some times we found certain amounts credited in the months of march08 in the parties accounts on which TDS was deductible but has not been deducted.

so as per the latest TDS provisions we can deposit TDS befor the due date of filling of income tax return i.e 30th september 2008

nd till tody date of filling of TDS return has been pasd, so nw parties are askinf for remedies,, wt to do nw?

RAJAN GUPTA

RAJAN GUPTA (Expert)
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27 August 2008 yes ,you can revise the return,even tds return can be revised as many many time as you need ...so go far the revised return and deposit the tax before filing of return and claim expenses in fy 2007-08 ..one thing I would like to add this provision has been amended from 2004-05 retrospectively so if expenses of last years if disallowed on the basis of this section can also be claimed.

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