Updated return TDS

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies that you cannot file an updated return if a refund is due from TDS. Instead, you may need to file a return under section 119(2)(b) of the IT Act, requiring permission from the JCIT to claim your TDS. The possibility of claiming TDS in a subsequent year is also mentioned as an alternative.

Hari Vignesh

Hari Vignesh (Querist)
Follow

16 September 2024 Can I claim less TDS to file updated return?

If Tax = Rs.30000 and I have TDS deducted = Rs.100000 for FY 2022-2023, can I claim Rs.29000 from TDS and pay Rs.1000 as tax and file updated return? If yes, is there a way to claim the TDS next year?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

16 September 2024 You cannot file updated return in this case, as there is refund due.
You can file return u/s. 119(2)(b) IT act, and claim TDS; only after getting permission to file return from JCIT.

Hari Vignesh

Hari Vignesh (Querist)
Follow

16 September 2024 Thank you so much sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

16 September 2024 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now