Hi all
One of client's TDS for 18 months has been deposited in same assessment year.
How to rectify this issue, please advise.
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(181592 Points)
Replied 01 January 2025
Based on date of booking the TDS has to be evoluated in different FYs. Income should be declared in relevant asessment year and TDS has to be claimed against the income.
Murali Nadarajah
(203 Points)
Replied 01 January 2025
Thank you so much sir. Assessment years are 2023/24 and 2024/25. Is it possible to file the returns now.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(181592 Points)
Replied 01 January 2025
Yes, for AY 2024-25, belated/Revised return can be filed till 15th January, 2025 (date extended by 15 days).
For AY 2023-24 updated return can be filed, if there is any tax liability.
Recent Topics
- Percentage of GST on Construction Service by the B
- Inward remittance in itr
- Taxability under income tax
- TDS on rent under Section 194 IB
- 26QB form correction via TRACES
- Short term Capital Gain Taxability under new regim
- Taking over a Private Limited Company
- ECO reverse TCS
- The dealer registration certificate is cancelled.B
- Penalty U/s 122(1)XII
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
