How benefit of tds considered if tds is not considered
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
Dear Sir / Madam
For the financial year 2011 - 2012 our company not taken benefit of the TDS in the books of account as well as in Income tax Return.
Now the books of account are finalized and time period to file revise income tax teturn is over.
Now my question is should we avail the benefits of the said TDS Amount or Not? Because, Its huge amount approx. Rs. 50,00,000.00.
Please, guide??????? with example and related section code?
For the financial year 2011 - 2012 our company not taken benefit of the TDS in the books of account as well as in Income tax Return.
Now the books of account are finalized and time period to file revise income tax teturn is over.
Now my question is should we avail the benefits of the said TDS Amount or Not? Because, Its huge amount approx. Rs. 50,00,000.00.
Please, guide??????? with example and related section code?
CMA Ramesh Krishnan
(Expert)
02 July 2013
for AY-12-13 you can revise the return 1 year from the date of return or completion of assessment year which ever is earlier. I think still time is there to revise the return if you filed with in due date
otherwise need to request A.O only
otherwise need to request A.O only
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