TDS deposited by party after the filing of income tax returns
This query is : Resolved
20 December 2024
We are into manufacturing industry and our parties deducted TDS on goods and make payment. However a few parties have made payment of FY 2023-24 now. I have already filed my returns and claimed all the tds available at the time of filing the returns.
What should be do about this TDS which the party has paid now and is unused ?
Is there any solution to use this TDS amount ?
What should be do about this TDS which the party has paid now and is unused ?
Is there any solution to use this TDS amount ?
20 December 2024
File revised return, before the month end. (provided the TDS is being reflected in form 26AS of FY 2023-24.)
20 December 2024
They have deposited in FY 2022-23
20 December 2024
""We are into manufacturing industry and our parties deducted TDS on goods and make payment. However a few parties have made payment of FY 2023-24 now.""
"" They have deposited in FY 2022-23""
Both statements are contradicting...
"" They have deposited in FY 2022-23""
Both statements are contradicting...
21 December 2024
They made payment around ten days ago, but selected FY2022-23 & FY 2021-22. Their TDS was pending and after rigorous follow-ups they finally paid but in old financial years.... If income tax allows them to pay in old years then there must be a way to use it....
21 December 2024
https://www.taxmann.com/post/blog/cbdt-notifies-form-71-to-allow-tds-credit-in-respect-of-income-disclosed-in-itr-filed-in-earlier-years/
https://www.caclubindia.com/articles/new-income-tax-form-71-correcting-tds-errors-50408.asp
https://eztax.in/how-to-submit-form71
https://www.caclubindia.com/articles/new-income-tax-form-71-correcting-tds-errors-50408.asp
https://eztax.in/how-to-submit-form71
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