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Correction in TDS return

Vijay Kumar (article) (402 Points)

15 July 2011

One of my client want to make correction in TDS return filed in quarter 2 of FY 2010-11

In earlier return filed by them TDS deducted for one party wasnt considerd

Now they want to revise their return

Can this be done now ?

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8 Replies

valji (Accounts manager-MBA) (2150 Points)
Replied 15 July 2011

YES HE CAN DO IT BY REVISE RETURN

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valji (Accounts manager-MBA) (2150 Points)
Replied 15 July 2011

BUT FOR THIS PURPOSE FAU FILE REQUIEST MADE TO NSDL

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 15 July 2011

Yes you can furnish revise return as it is within the time limit mentioned under sec 139 (5).

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 15 July 2011

Tushar

It is not revised return of income but correction statement of TDS. It can be done. There is , till date, no time limits for filing revised TDS returns or correction statements.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 15 July 2011

Sir dipjyoti bt ultimatley it will affect the return which is already furnished.

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Hari (Chartered Accountant) (159 Points)
Replied 15 July 2011

hi,

You can file revised e tds return, provided the same must be filed with in due date

(Guest)

in hurry of filing correction return you should not forget to ensure that there is already a balance in the challan or not. it is you paid rs.10,000 filed return for the amount equalling that. now if you add 1 more name for rs.1,000 then there is no balance in the challan amount. hence it gets rejected / match pending. For that you have to file 1 more return .

hence before filing you should ensure that there is a balance amount left in the challan or now you pay the challan and file correction return.