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Rectification for ay 18-19

SHIRISH S S (Proprietor) (1030 Points)

08 November 2018

One TDS in 26 AS came late because my client filed late TDS return

I had taken this in original return. i got partial refund.

I need to file rectification. The system says schemea ver 1.1 at line 16 is invalid.

If i down load latest XL version whether additional penalty for late filing will be charged?

Only TDS mismatch in 143(1) needs to be resloved. Or whether reprocess the case is better option.

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 08 November 2018

Why not you ll revise the return...?

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Nitesh bind (Student CA Final ) (12692 Points)
Replied 08 November 2018

Dear Shirish,

In my opinion you could proceed with the following options:

1. File Rectification u/s 154. If TDS has been updated late then after rectification it will be taken care of. (No question of Penalty because it's not a return but Rectification to Return and return has been already filed).

2. Second option is to simply Revise the Retrun (if it is filed withing due date). You can do the necessary changes in that and thereafter you TDS will be considered. Even in that case No question of penalty because revise return considered to be filed from date of Original return.

You can take the necessary option as per your case.

Thanks. Be Helpful to One Another!

3 Like

SHIRISH S S (Proprietor) (1030 Points)
Replied 08 November 2018

@ Nitesh Bind

1) Three options are there for rectification a) changing schedules b) Reprocess the case

c) 234C issues . In changing the schedules further 15/16 options are there and one of them is tax credit. Since no data is changing same X M L file uploaded earlier can be loaded

BUT i used PR3 XL version and now PR6 version going on. I have to retype the entire data in XL. Old XML files cannot be uploaded. Schemea error it gives.

2) Revision is not an option because no data is changing. This also involves retyping the whole thing.

Thanks RAJA and Nitesh for replying.

Just wondering whether reprocessing will help.

Nitesh bind (Student CA Final ) (12692 Points)
Replied 08 November 2018

I think there are various Software through the use of which you can directly import the old XML and create the new one as per Current Schema. e.g. Webtel. So I think you can try that.

Second thing, You can simply apply for reprocess because if you opt for that and if there are any mistake apparent then they will automatically go through the entire return and correct that.

So, You may proceed with these options.

Thanks.

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 November 2018

( no data is changing)
Mr SHIRISH S S....

If any single penny or figure is changing then "Data almost change"

If Your TDS is updated then Data changed You will rectify this one...

Any one of the above Use Your old filing reference number. Then You can avoid the Late Fee.