Hello sir,
Can we set off income tax late fees with that year TDS & TCS in an updated return?
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 17 May 2024
In the updated return, you are not allowed to claim TDS or TDS refund
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 17 May 2024
Yes set off is possible. but if it leads to a tax refund, then it will ultimately not allow to file the ITR U
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