TDS related query on tds deducted and return filed but later on credit note issued
This query is : Resolved
01 August 2025
if tds is deducted and paid and return is also filed against it but later on we received its credit note on another quarter than should we reverse TDS
01 August 2025
In case you deducted and deposited excess TDS due to a subsequent credit note, the party to whom TDS was credited can claim the entire deducted TDS in their tax return. There is generally no mechanism to reverse the TDS for credit notes issued after filing the return, unless the payment is actually refunded.
24 September 2025
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