Tds error rectification
This query is : Resolved
10 June 2019
dear sir,
i deducted and deposited tds of 10000 for 1 party but left it out while filing tds return.How do i correct this? Is it possible to revise tds return.if so what is the due date?
can short deduction in 1 quarter adjusted in the next quarter?
thanking you
i deducted and deposited tds of 10000 for 1 party but left it out while filing tds return.How do i correct this? Is it possible to revise tds return.if so what is the due date?
can short deduction in 1 quarter adjusted in the next quarter?
thanking you
Amol S Joglekar
(Expert)
10 June 2019
yes, do revise the TDS return
11 June 2019
If challan missed in regular filing, you should add the challan in online Correction filing in TRACES. If having DSC of the signing person you may add the related deductee rows in that same correction filing. If no DSC available then 1st file adding of challan and wait for 3 working days. Then download NSDL conso file in which you may add the deductee details and file with TIN-FC. No due date for this. Short deduction of one quarter can not be adjusted in next quarter. But a balance amount of a challan of any quarter in the Current, previous or coming year may be adjusted for a Short Deduction in a quarter.
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