Revised TDS Return

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This query is : Resolved

Venkata Ramana Sriram (Querist)
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28 June 2010 Dear All,

For the financial years 2007-08,2008-09 and 209-10 we have issued a TDS certificate to a firm mentioning PAN number of one of its partners, due to which the firm is not able to take TDS credit and insisting us to file a revised return for all three financial years.

How to rectify the same please help me out in this regard.

Is there any time limit to file the revised TDS return.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 June 2010 NO THERE IS NO TIME LIMIT FOR REVISED RETURN YOU CAN FILE REVISED RETURN BY JUST CORRECTING THE PAN OF THAT PARTY. BUT I SIMPLER WAY WOULD BE TO GIVE A DECLARATION THAT YOU HAD DEDUCTED TDS FROM THAT PARTY AND BY MISTAKE MENTIONED THE WRONG PAN.
SAME CASE HAPPEND DURING ASSESSMENT OF ONE OF MY CLIENT AND AFTER OBTAINING THE SAID DECLARATION THE ASSESSEE GOT THE CREDIT OF TDS.

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