Professional payment received, TDS deposited, but work was cancelled

sabyasachi mukherjee

Profession Business

28202 Points Posted on 07 March 2022

I don't need to chk , revision is allowed that I hv mentioned.

CA Surya Sekar

CFO

1347 Points Posted on 07 March 2022

When it is not an expense to payer and it's not income to receipient then need to issue Tds certificate..

Even if it is issued then you can make tds nil

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 07 March 2022

Regular/ Correction is the word used for Tds filing in 24Q, 26Q, 27Q etc.

Revision is not in the statements..

Orginal and revised returns, these words may be used in Income Tax Return filing & not in Tds return filing..

One has to open the forms .Open RPU of NSDL

sabyasachi mukherjee

Profession Business

28202 Points Posted on 07 March 2022

Revised return and corrections are made .But it is not advisable .Stick to that.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 07 March 2022

Revised return option is not there in tds..

Only Regular/ correction these are the two types used in practice..

We can't see revised in Tds filing practically..

sabyasachi mukherjee

Profession Business

28202 Points Posted on 07 March 2022

Revised return is applicable for IT RETURN.Correction in prescribed forms are applicable in case of tds return.Its advisable to chk twice with base documents and start the filing process.

Mugdha

Na

30 Points Posted on 07 March 2022

Thank you. So, Can I reverse the entire amount + TDS amount without depending on client for TDS correction?

JJJ

Need help

695 Points Posted on 07 March 2022

Originally posted by : Mugdha
	Thank you. So, Can I reverse the entire amount + TDS amount without depending on client for TDS correction?

Yes. But of course this will only happen in your books, not in the 26AS.

Only the entity depositing the tax (ie the deducted) can make changed in the TDS records with the government.

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Professional payment received, TDS deposited, but work was cancelled

sabyasachi mukherjee

CA Surya Sekar

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

sabyasachi mukherjee

Mugdha

JJJ

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Professional payment received, TDS deposited, but work was cancelled

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