TDS

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Rajkumar Sutar

Accountant

57 Points Joined December 2009

Hello Sir, Please go through the below problem: Compnay "A" has filed TDS return for 1st Qtr of F.Y. 08-09 within due period. But wrongly choosen Qtr 4th in the return instead Qtr 1st. However company has filed revised return on the same day with correct information. Over period of year company has filed TDS return for 4th Qtr of F.Y.08-09 for which the company came to know that revised return for 1st Qtr and fresh return for 4th Qtr has been rejected. Hence the deductee received credit against 1st Qtr (wrong qtr for 4) but can not received credit against fresh return of 4th quarter as they got an e-mail from IT department regarding the same. Requesting you to please advice.

Replies (2)

Anumanchipalli Sathikonda

Tax Consultant

1559 Points Joined June 2009

Mr.Rajkumar Sutar As you said for no fault of deductees they have not been allowed credit for TDS even though the said amount has been deposited on or before the due date. Till now no remedy has been found. The CBDT has to provide guide lines by way of a circular by way of instructions to the department. Best Wishes Sathikonda