Dear All,
One of our tenants will deposit the TDS on Rent for the Financial Year 2021-2022 after filling of the I T return and assessment under Section 143(1) and issue of refund order by the CPC.
How will I account for the late TDS submission by the Tenant as I will be getting a refund of the amount from CPC.As From 26AS will be updated after assessment undersection 143(1) by the CPC.
An early reply will be highly appreciated.
Thanks.
Better to file revised return and claim additional refund for the same ass. year.
But the time period to file revised return may be over and moreover 143 assessment done by CPC.
You can revise return on or before 31.12.2022, even if 143(1) is over.
Thanks a lot for the reply. If the tenant does not deposit the TDS before 31.12.2022 then what will happen ? I will not be able to file the revised return before 31.12.2022.
Regards.
No. You cannot, but ask tenant to issue TDS certificate, for the tax deducted...
Thanks for the help.
You are welcome..
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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