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Short Deduction of TDS

Ramniwas Yadav (service) (44 Points)

16 December 2008

If we deduct TDS Short and come in knowledge after filing the return than how it should amended. Should we go for correction in return, if yes than how this will be possible and what will be the procedure?

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4 Replies

CA Biswaranjan (job) (149 Points)
Replied 16 December 2008

in case of fuilling a return showing less income than that of actual , latter on when u come to know to know abt this u can file a revised return.

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CA Trinath Galla (student) (3130 Points)
Replied 16 December 2008

ya u can revise the return

Shubhankar Limaye (B.Com.) (174 Points)
Replied 16 December 2008

I suppose that you are referring to the Quarterly electronic returns in respect of Tax Deducted at Source. If the assumptions holds good, the returns do filed can be revised by filing correction return. This facility is available in the Return Preparation Utility that is commonly used by you.

Jyoti Malik (ACCOUNTANT) (2644 Points)
Replied 17 December 2008

You can file the Revise return with NSDL.

Process of filing revise return................

Make necessary correction in that (old) tds Return. Genrate E-return. Then send fvu file to NSDL with a copy of last acknowledgement receipt. There is also a HTML file send a copy of that correction statement .