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TDS DEPOSIT AGAINST DISALLOWENCES OF PREVIOUS YEAR

B KANRAR (SERVICE) (57 Points)

04 March 2009

I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-06-07. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-07-08(MONTH-FEB08) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 06-07. NOW, WE HAVE TO SUBMIT THE TDS RETURN. IF I REVISE THE RETURN OF SUCH QTR OF F.Y-06-07 OR NOT ?

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3 Replies

CA CS VINAYAK PATIL (CHARTERED ACCOUNTANT) (921 Points)
Replied 04 March 2009

Originally posted by :B KANRAR
"	I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-06-07. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-07-08(MONTH-FEB08) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 06-07. NOW, WE HAVE TO SUBMIT THE TDS RETURN. IF I REVISE THE RETURN OF SUCH QTR OF F.Y-06-07 OR NOT ?	"

I think doesn't need to revised the return because all assessee which you deduct tax they will received tds amount

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CA.E.Deepan Chakravarthy (CA and CS Executive) (462 Points)
Replied 04 March 2009

Hello Kanrar

I agree with Vinayak, because the returns have been filed, with what actually done by assessee. The expenses are disallowed because of non-compliance of 40(a)(ia), so there is no need to revise TDS return.

Regards

vishesh nagar (Accountant) (22 Points)
Replied 27 June 2009

I TAX DEPARTMENT DISALLOWED SOME TDS RELATED EXPN. FOR F.Y-07-08. WE DEPOSITED TDS IN THE NEXT YEAR i.e. F.Y-08-09(MONTH-JUNE09) FOR CLAIM THE EXPENSES. THE TRANSACTION OF EXPESES WHOLE YEAR OF 07-08.
NOW, WE HAVE TO SUBMIT THE TDS RETURN.
IF I REVISE THE RETURN OF SUCH QTR OF F.Y-07-08 OR NOT ?