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Can we revised ITR return of Pvt Ltd for Excess TDS refund AY 2020-21


Birbal Yadav (Account Executive)     01 May 2021

Birbal Yadav
Account Executive 
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Hi designated members,

We have been already ITR filled of Pvt Ltd. at the audit report filling time our TDS amount shown Rs 32 Lakh(as per 26AS) but after that our TDS amount have been increased of Rs 5.38 lakh (as per 26AS Total TDS amount increase 37.38 Lakh) As per ITR filling TDS refund received as on 31-03-2021. Can we revised our Pvt. Ltd. co. ITR for excess tds refund? Please advice.

ajeet singh

ajeet singh   01 May 2021

ajeet singh

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Yes you can file
Raj C Doshi

Raj C Doshi (Practising CA)     01 May 2021

Raj C Doshi
Practising CA 
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You need to file rectification and not revised return.
Birbal Yadav

Birbal Yadav (Account Executive)     01 May 2021

Birbal Yadav
Account Executive 
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Dear Raj C Doshi,

How can file rectification and what is last date of rectification of AY 2020-21?

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     01 May 2021

CMA Poornima Madhava
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Time limit to file rectification is 4 years from end of the FY in which the order is passed. You still have time to rectify:

1) Login > eFile > Rectification (enter relevant info)

2) Select: Tax Credit Mismatch correction

Here is the link for more details: https://tax2win.in/guide/rectify-income-tax-return-u-s-154-1-rectification-request

vikaskhiyani

vikaskhiyani (be a chartered accountant)     01 May 2021

vikaskhiyani
be a chartered accountant 
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You can file revise return till 31st May as return filing for FY 19-20 open again
Sourav

Sourav (Student)     01 May 2021

Sourav
Student 
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File revised or rectification return under condonation of delay u/s 119(2)(b) only under approval from CIT
Raj C Doshi

Raj C Doshi (Practising CA)     01 May 2021

Raj C Doshi
Practising CA 
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You can now file a revised return before 31.05.2021 as per todays notification.

 

https://www.indiatvnews.com/business/income-tax-tax-compliance-itr-filing-fy20-deadline-extended-till-may-31-cbdt-latest-news-701799

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     01 May 2021

CA Rashmi Gandhi
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Due date was extended upto 31 May 2021, so you can revise upto 31 May
Sourav

Sourav (Student)     02 May 2021

Sourav
Student 
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File revised or rectification return before 31.5.21
Birbal Yadav

Birbal Yadav (Account Executive)     03 May 2021

Birbal Yadav
Account Executive 
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Thanks for information.

Our ITR processed. Can we do rectification or revision of  our ITR of AY 2020-21?
 

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     03 May 2021

CA Rashmi Gandhi
Chartered Accountant 
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YOU ARE REQUIRED TO REVISE THE RETURN

 

CA NIYATI SONI

CA NIYATI SONI (PROPRIETOR )     05 May 2021

CA NIYATI SONI
PROPRIETOR  
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Please revise your return as rectification is possible only in case of order u/s 143(1) is received.


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