15 March 2021
Sir/Madam Please provide guidance. A payment was made to party A in May 2020 on which TDS was not deducted. This mistake is identified and TDS pertaining to May has been deducted from Payment made to party A in November 2020. It's TDS is deposited in Dec 2020. TDS return of Q1,2 and 3 has been already submitted. But party A's details not been shown in any return. Now do I have to correct Quarter 1 TDS return to show the May 2020 payment and TDS thereon along with correct Q3 return to show November payment and TDS thereon. Or do I have to correct only Quarter 3 return showing date of 2 payment as May 2020 and Nov 20, date of deduction of both as Nov 20 and date of deposit of both as Dec 20. Please clarify this Thanks in advance.
15 March 2021
1) Since tax to be deducted at source pertains to May 2020, TDS return to be revised for Q1 (else interest is payable from date on which tax to be deducted till the date of actual deduction, in addition to interest on late payment) 2) You may add new challan (mentioning the breakup of TDS and interest) online on Traces portal 3) Deductee details can be added online if DSC is registered else offline using Conso file
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