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Client deposited TDS after our ITR was processed. How to claim it now?

Reena (Partner) (221 Points)

13 December 2019

Our return for AY 2019-2020 has been processed and refund issued. But one client deposited TDS after the processing and so we didn't receive that amount back.

Our ITR was filed by a CA with an audit report. Even he is confused now as to how claim that TDS back. The amount on which TDS is deposited was shown in the turnover so that is not a problem.

How do we claim that amount back now? Please help in this regard.

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3 Replies

VINAYAK HEGDE (accounting & taxation freelancer) (246 Points)
Replied 13 December 2019

You can filed revised return, with mentioning expainatory details. ,
1. you have to declared income against the tds made by your client if you not filled.. 2.the audit report will be same if not any changes in income/revenue . if this transaction (amount shown by your clients in 26AS) affects your income status then has to revise the audit report with reference to SA-560.

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rama krishnan (12239 Points)
Replied 14 December 2019

As you said, since the corresponding income on which TDS deducted had been included in the turnover, there's no need to get confused. just file a revised return and claim credit for unclaimed TDS that's it

Kapadia Pravin (17259 Points)
Replied 14 December 2019

File revised return immediately and show left out TDS amount in TDS schedule.

At the end, ITR will show refund due .

Revised return can be filed upto 31-3-2020 but better to file afap.