18 months TDS

TDS 134 views 5 replies

Hi all 

One of client's TDS for 18 months has been deposited in same assessment year. 

How to rectify this issue, please advise.

 

Replies (5)

Based on date of booking the TDS has to be evoluated in different FYs. Income should be declared in relevant asessment year and TDS has to be claimed against the income.

Thank you so much sir. Assessment years are 2023/24 and 2024/25. Is it possible to file the returns now. 

Yes, for AY 2024-25, belated/Revised return can be filed till 15th January, 2025 (date extended by 15 days).

For AY 2023-24 updated return can be filed, if there is any tax liability.

Thanks a million sir 🙏

You are welcome.            


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register