Audit liability and adjustment of TDS

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This discussion addresses the possibility of conducting tax audits for the past two assessment years (2021-22 and 2022-23) if turnover limits have been exceeded. It also confirms that TDS (Tax Deducted at Source) and any self-assessment tax already paid can be adjusted against the total tax liability for those years. The advice given is to file updated returns with the tax audit for these periods.

N Das

N Das (Querist)
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31 August 2023 Sir, my first question is can I do audit for last two years ? If yes, then I want to file previous two year i.e. AY 2021-22 and 2022-23. But I have to do tax audit as my turnover is exceed the limit. My 2nd question is that can I adjust my TDS with tax liability in this two corresponding years ? (Exmp: TDS rs.35000/- +Self assement tax rs. 15000/- where total Tax liability Rs.50000/- ) Sir please help on this.